The Fed admitted today they are clueless, and their credibility is shrinking every month. First they added new criteria to their policy, the unemployment rate, then they changed the goalposts on the number they're looking for, now they've come out and said the economic outlook is "uncertain". Bear in mind how far off these people were with their forecasts before they became "uncertain". They are totally winging it.

I see one of the members even suggested NIRP by next year.