Considering they have a considerable influence on today's economy and have the best data available and lots of resources and people it leaves one with
only 2 choices. The Fed speaks with fork tongue or they are simply incompetent. I believe it is a combination.

Lets examine their forecast and the actual data of the last full year available. 2022

Here are the median forecast from the FOMC members on 12/17/2021, just weeks away from 2022

Category Forecast Actual Result

GDP 4% .9% Massive miss
Unemployment 3.5% 3.5% Spot on but this rate has changed little since their conference
PCE ( inflation per their calc) 2.6% 5.0% Big miss
PCE core 2.7% 4.4% Big miss
Fed Funds Rate .9% 4.5% Massive miss