As mentioned in an upthread comment and the posted article, the Fed outlined concrete reasons for doubting the reliability of the indicator, including QE's supp

As mentioned in an upthread comment and the posted article, the Fed outlined concrete reasons for doubting the reliability of the indicator, including QE's suppressive effect on rates. Perhaps try understanding the article you post instead of looking cursorily at the headline and deciding it looks ridiculous. I'm not saying the Fed is definitely doing the right thing here (and neither are they, since they don't claim to be clairvoyant), but this tendency for people to feel smart by skipping considered critique in favor of "lol this sounds unintutive so it just be dumb amirite guy" is wearisome.