• Now, our estimate of growth in 2010 is virtually identical to the consensus of private forecasters surveyed by the Blue Chip Economic Indicators and is right smack in the middle of the central tendency of the Federal Reserve's Federal Open Market Committee forecast that was released back in November.

    WHITEHOUSE: Detailing the FY2011 Budget

  • You are made aware at the meeting of the range of forecasts and where the central tendency seems to be, and are given a couple of days to revise your forecast if you are swayed by where you stood relative to the others.

    FORBES: The Sausage-Making Behind FOMC Forecasts

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