I have commented, very, very briefly on the latest FOMC statement. But here is a really interesting article arguing that the Fed may well be behind the curve in its understanding of what is going on in the US and global economy. Of course the observations are anecdotal, but there are good, solid pieces of economic data supporting this sort of view.
Anyway, here is the article, from possibly the blog with the best name, ever (Jeff Matthews Is Not Making This Up):
The Fed in La-La Land, Again
Although I read this blog from time-to-time (not enough) I found this article via Abnormal Returns: http://abnormalreturns.com/friday-links-pressing-a-winner/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+abnormalreturns+%28Abnormal+Returns%29