9 FOMC members in September guided to no rate hikes next year. Today, 10 members are guiding to three rate hikes next year. These people are lost… totally blank card in predicting everything.

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‘I do worry very much about what the Fed is doing,’ with inflation, says former Fed governor

‘I actually think they are getting behind the curve,’ Mishkin says

Frederic Mishkin, former Federal Reserve governor, on Wednesday said that he feared that the U.S. central bank might be committing a policy error and might already be behind the curve as inflation surges in many parts of the country, amplified by supply-chain bottlenecks in the aftermath of the COVID pandemic.

“I do worry very much about what the Fed is doing,” said Mishkin in an interview on CNBC on Wednesday after the central bank’s final policy update of 2021.

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