I just read the Fed report you linked...just out of curiosity.....do you believe the figures they post?...there is only one way to do books...it is called a one-write system...three columns ...credit / debit / balance when Federal reserve prints $ at any time and then put out any figures it sees fit ...who is able to verify? Don’t get me wrong I I understand the complexity of our monetary system (sometimes)...but the old saying is “if you can’t dazzle em’ with your brilliance...baffle em’ with bullshit” I feel the FED relies on the tail end of that saying.
I understand the incentive to under report inflation. I understand the incentive to under report unemployment.
What would the Fed under/over report and why?