I do believe that you drank the Kool-Aid. The Fed literally has no idea what it is doing. This is proven by its delving into Modern Monetary Theory (MMT), which is a recent unproven concept that is entirely alien to all of human economic history. The Fed is like a blind man in a dark room searching for a black cat that isn't there.And right now the FED is pulling off the next wizardry by sending out their stimulus checks and enabling their economy to buy goods before incoming inflation. * * * but the FED has the insights and the tools to control these variables to make the predictions far more precisely. And this is the reasons why central banks are planning their decisions so secretly and the market only knows their decision at the day they call in the press conference to announce their decisions.
If the Fed were all-powerful and knew what it was doing, as you suggest, it would have easily averted the 2008 financial crisis (and all previous economic crises). In fact, it helped create many of those crises. Plenty of people could see the housing bubble forming in 2008 (I did), while the Fed did nothing and stated that everything was just fine. In recent times, the Fed has created more financial crises than it has averted. Enough said.