Uncertain Measures of Uncertainty; Fed Uncertainty Principle Revisited

by Mike ‘Mish’ Shedlock
Mish Talk

Fed Chair Janet Yellen has been harping about the “uncertain” outlook for the US economy for years on end.

Perhaps this was inspiration for economists to devise an absurd new index that allegedly measures the amount of uncertainty in the economy.

Before diving into measures of uncertainty, let’s view a few Yellen uncertainty citations.

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