Economic forecasts
A)Drive economic policy for both the Fed and Congress.
B)Drive economic policy for the Fed but not for Congress.
C)Drive economic policy for Congress but not for the Fed.
D)Are basically inaccurate,so the Fed and Congress pay little attention to them.

Question

Quizplus · Accepted Answer

Economic forecasts play a crucial role in determining economic policies for both the Federal Reserve (Fed) and Congress. The Fed relies on economic forecasts to make decisions about monetary policy, such as adjusting interest rates, while Congress uses economic forecasts to make decisions about fiscal policy, such as adjusting government spending and taxes. Therefore, economic forecasts drive economic policy for both the Fed and Congress.

Economic Forecasts