You operate the largest printing press on the planet. You seek to hire the most highly qualified people to address current economic conditions and design strategies to maximize future market potential.

However, when crisis strikes and with global equity markets in turmoil, those hired admit they are out of touch with the present and blindsided by the future:

At Meeting, Fed Showed Uncertainty on Outlook

WASHINGTON — Federal Reserve officials threw up their hands in January, deciding that they could not decide whether market turmoil would impede domestic economic growth.

The Fed in recent years has issued an assessment of its economic outlook after each meeting… an official account, published on Wednesday after a standard three-week delay, makes clear that Fed officials simply did not know what to say.