The Fed Fesses Up: After Printing $3 Trillion It Sees No "Escape Velocity"......Ever!

``as in the past, the Fed's GDP projections for years out will be cut further as reality approaches. And the possibility of a recession or worse does not -- and will never -- figure into the Fed's projections. Policymakers know only how to figure positive growth, at least in public, though they're gradually learning how to project the pathetically slow growth that has resulted from their very own policies.''