If there is one thing to be said about the just revised economic projections [3]from the Fed (2013 GDP slightly lower on the upper range, the same as the unemployment rate which the Fed now sees dropping to as little as 6.7% in 2014), is that the economy will do everything but what the Fed has forecast, at least if history is any indication.
[4]
When it comes to tightening, the Fed agrees: not for a long, long time:
[5]