Yeah the fed’s record as far as making accurate predictions goes is pretty laughable. But they continue to confidently make all sorts of statements about what’s going to happen.<p>If economics was a science, someone would at some point ask why no two economists ever agree, and why they continue to be completely unable to use their models to make accurate predictions. Like, if their models mean anything at all, they should have at least been able to see major speculative bubbles like 2008. I mean the fact that housing was hugely overpriced at that moment should have been entered into their data somewhere as a basic fact about the economy.<p>It’s like watching a blind person claim to have the best vision in the world as they walk right into a wall. Consulting punxsutawney phil would be more accurate.<p>What’s really stunning is that these witless mountebanks appear to be completely unaware of how devastatingly wrong they consistently are.