It is wild that we take at face value anything that the fed says. For example, they said in 2021 that they expected interest rates would be zero until 2024 (https://www.ft.com/content/3d7704d3-a312-4294-95bc-90233f469...). They obviously have a lot of real power, but they must be understood to either be deceitful or incompetent. This means that their messaging does have value, but it can't be taken at face value.