I'm not sure why people continue to take what the fed says as being accurate predictions of the future. For example, they said in 2021 that they expected intere

I'm not sure why people continue to take what the fed says as being accurate predictions of the future. For example, they said in 2021 that they expected interest rates would be zero until 2024 [1]. They obviously have a lot of real power, but they must be understood to either be deceitful or incompetent given how wrong prior predictions have been. [1] https://www.ft.com/content/3d7704d3-a312-4294-95bc-90233f469ccd https://www.ft.com/content/3d7704d3-a312-4294-95bc-90233f469...