In a report released on Black Friday around 6 PM, when nobody is around, let alone paying attention, except for crazy people like me, the NY Fed posted a mea culpa on just how lousy its economic forecasts have been, a function which I had already performed over a year ago (The Fed - Clueless, Delusional, or Both?). The author of the report stated the crux of the failure thusly...They just don't care anymore if the public is aware of the problems with our financial system, or with central banks in particular.
NY Fed Issues Mea Culpa That Nobody Saw at 6PM on Black Friday | ZeroHedge
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