Defending Witches Since 2005.
The Federal Reserve is entrusted with maintaining a steady economy. That's like asking students to grade their own final exams.
The Federal Reserve has lots of jobs. The coincident index is something that Fed economists maintain, but the measure has been the same for decades and the data is collected outside the agency. They just put the numbers into a spreadsheet that varies very little. Any attempt to cheat would be caught very quickly by Wall Street analysts.
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