Still quite a diversity of forecasts among FOMC members on policy, though no huge shift. FOMC forecasts were generally revised to the hawkish side for 2012. But Bernanke press conference encouraged the doves. FOMC Forecasts The economic forecasts from Fed officials weren’t particularly earth shattering, with most of the changes concentrated on the 2012 numbers, as the unemployment rate forecast for 2012 was lowered to the 7.8 to 8.0% range from 8.2 – 8.5% in January and the inflation rate expectations were pushed higher to 1.9 to 2.0% from 1.4 – 1.8%. The GDP forecast was also nudged slightly higher. The 2013 to 2014 ... (full story)