His restlessness, his rapture, his rash impetuousness – his causes and carings, his sudden concepts – seemed to be no different from the nation’s.” Again, on a deeper, more compelling level, I found Slipstream to be prescient, perhaps foretelling the dismal fate that could befall our present generation of Caribbean leaders if they fail to put aside their “macho” personal ambitions in favor of re-engineering our small, highly open vulnerable economies and societies to withstand mounting pressures, both from inside and outside.
In any event, we observe a wide range for the predicted funds rate paths as in the first experiment. The weakest forecast anticipates a funds rate of nearly 1 percent by the end of 2015, while the strongest forecast envisions a funds rate of about 4.7 percent in part because both inflation and unemployment “overshoot” their long-run and sustainable values and corrections must follow.