Survey: Monetary Policy Mistakes Pose Greatest Risk to U.S. Economy in 2024, Economists Warn

According to Jinshi Data on September 30, a recent survey reveals that monetary policy errors made by the Federal Reserve could be the largest risk to the U.S. economy over the next year. The survey, conducted by the National Association for Business Economics (NABE), gathered responses from 32 professional forecasters, with 39% identifying potential mistakes in interest rate decisions as the primary risk threatening economic stability in the coming 12 months.In comparison, 23% of economists pointed to the outcome of the U.S. presidential election on November 5 as a significant downside risk, while another 23% cited heightened conflicts in Ukraine and the Middle East as major concerns.Federal Reserve Chairman Jerome Powell is expected to address these issues in an upcoming speech, where he will outline the considerations guiding the Fed's anticipated rate cuts throughout the remainder of this year and into 2025.