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According to him, variances based on historical forecasts cannot be used for prediction intervals of expected futures.
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The main way in which unconventional Fed policy can work is by changing expectations — especially expected future inflation.
Myriad government actions influence the expected future profitability of capital.
He said he expected future customers would be similar private organizations as well as government agencies.
Erwin Schneider, at the steelmaker ThyssenKrupp, said: "Companies make decisions based on expected future developments.
Faraday would have expected future engineers to pick up the baton later down the line.
I.S.D.S. allows corporations to sue governments over laws that may adversely affect "expected future profits".
But in expected future years of drought, the situation could be dicey.
But Mr. Moynihan said he expected future credit card losses to be lower.
Long-term rates, which depend upon expected future short-term rates, would then fall.
They raise expected future tax burdens, discouraging investment and limiting productivity growth.
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