The Federal Reserve predicted economic growth through 2013 and it wasn’t a good sign. Recently the Fed “predicted that the economy would expand 2.5 percent to 2.9 percent in 2012, well below its June projection of 3.3 percent to 3.7 percent.” Read here Though “the Fed’s economic forecasts do not have a particularly good track record” they “do offer a window into the state of their minds. In a word: glum.” As we have discussed in class the economic situation can have a direct impact on the presidential elections. The Federal Reserve doesn’t seem to think the economy will be picking up which could affect Obama’s run in 2012.
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