Kevin J. Lansing and Benjamin Pyle: Persistent Overoptimism about Economic Growth: “Since 2007, Federal Open Market Committee participants… …have been persistently too optimistic about future U.S. economic growth. Real GDP growth forecasts have typically started high, but then are revised down over time as the incoming data continue to disappoint. Possible explanations for this pattern … Continue reading Morning Must-Read: Kevin J. Lansing and Benjamin Pyle: Persistent Overoptimism about Economic Growth