The Fed Needs to Be Buying Recession Insurance—But Is Not: DeLong's Morning Coffee

This looks about half a percentage point high to me for both the first and the second quarters. And beyond that—who knows?: Federal Reserve Bank of New York: Nowcasting Report: March 15: "The New York Fed Staff Nowcast stands at 1.4% for 2019:Q1 and 1.5% for 2019:Q2...