Fed looks in mirror and forecasts inflation ahead

Yahoo! News - Inflation fears prompt selloff on Wall Street :
"'The Fed conceded that there's a bit more inflation in the near term than people were expecting to hear about,' said Jack Caffrey, equities strategist at J.P. Morgan Private Bank."

Isn't it amazing how people can take this stuff seriously? The Fed comment about interest rates sounds like the weatherman admitting we might have slightly more rain than anticipated. A truer analogy would be the operator of a dam saying lake levels might not be as expected without bothering to mention that he is the one controlling the floodgates.