Retail Sales vs. Consumer Confidence; Unwarranted Fed Faith in Wrong Surveys

Conference Board Consumer Survey The consumer conference board does a paper survey every month on consumer confidence. The board’s technical notes say (emphasis mine) "The targeted responding sample size – approximately 3,000 completed questionnaires – has remained essentially unchanged throughout the history of the CCI." I called up the board with a simple question: How many surveys do you send out to get 3,000 completed questionnaires

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Retail Sales vs. Consumer Confidence; Unwarranted Fed Faith in Wrong Surveys