Always Quote by Jerome Powell
“All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal funds rate.”
About This Quote
Economic predictions are inherently uncertain; a range of plausible outcomes always exists for key variables like interest rates.
In simple terms: Forecasts are uncertain.
Key Takeaway
Expect a spectrum of possible economic scenarios.
Themes
economics
uncertainty
forecasting
policy
Mood
cautious
analytical
Type
policy statement
economic commentary
When to use this quote
- Investors planning portfolios
- Businesses setting budgets
- Policymakers adjusting monetary policy
Key Concepts
probabilistic reasoning
risk management
Practical Applications
- Use scenario analysis in decision‑making
Questions to Reflect On
- How can organizations build resilience against a wide range of economic outcomes?
- What indicators might reduce uncertainty in future forecasts?
