The people behind the most accurate economic forecasts

Economists who predict the most precise numbers four years in a row deliver their projections at a high-profile event in New York City every October. They're also honored with the Lawrence R. Klein Award for Blue Chip Forecasting Accuracy. Hear about the history of the award, which is regarded as the best known and longest-standing achievements in the economics field.

Economists who predict the most precise numbers four years in a row deliver their projections at a high-profile event in New York City every October. They're also honored with the Lawrence R. Klein Award for Blue Chip forecasting accuracy.

Research Professor of Economics Lee McPheters, who is the director of the JPMorgan Chase Economic Outlook Center, delivered The Economic Minute at the Economic Club of Phoenix luncheon. He shared the history of the Lawrence R. Klein Award, regarded as the best known and longest-standing achievement in the economics field.

Follow along with his slides: