Former Fed economist John Roberts does an exercise on what a lower 2023 unemployment rate projection (of 4.2%, instead of 4.6%) could do to FOMC's SEP
To keep inflation on the current projected path, the terminal rate estimate might go up to 5.6% https://t.co/DNaLpE1pnd pic.twitter.com/HQ3T9dd3n3
— Nick Timiraos (@NickTimiraos) February 13, 2023