Caroline Paulsen, Chapter 10, Question

Before reading this chapter, I have to admit that I had taken the Federal Reserve for granted. I knew that it has a significant part in controlling the economy, but I hadn't realized just how difficult it is to predict economic trends. The part of this chapter that was most interesting to me was where Charles Wheelan listed all of the factors that make it difficult to implement a good rate of economic growth: we don't know the economy's "speed limit", any policies implemented will have delayed effects, the Fed is not the sole controller of the economic growth rate, and unforeseen world events can mess up the economy. This made me realize just how difficult and unpredictable it is to try to control and guide economic growth.