Despite rising voices of discontent in the Fed, with a vocal minority warning of the risks of QE and continued monetary easing, and in the face of an improving economic environment, the FOMC will once again assure market participants it has their back.

FORBES: Bernanke Put Here To Stay With QE Through Late-2014 And No Rate Hikes Until 2016: Goldman

But no, in the interest of full transparency, we had Bernanke warning about how the Fed expected still more negative pressure ahead from the housing collapse, worsening labor markets, a credit crunch that may have still more shoes to drop, and revealing that the Fed was also beginning to worry about the potential for rising inflation.

FORBES: Enough With The Fed's Transparency Already

Alan Greenspan, the Fed's chairman, gave a warning this week that interest rates would have to be raised faster than expected if inflationary pressures intensified.

ECONOMIST: Buttonwood: Curve balls | The

As I have been warning, someone is beating the Fed to the bond exit door.

FORBES: Who Will Buy All Those Treasury Bonds When The Fed Stops?

There are serious warning signs for the economy in the Fed's bizarre course.

FORBES: Fact And Comment

Then, apparently not realizing the stock market collapse was an advance warning of a coming recession, the Fed continued raising interest rates until May, 2000, and did not begin cutting interest rates to prevent a recession until January, 2001.

FORBES: Roll Out The Bubbles, We'll Have A Barrel Of Fun (For A While)

Then-Chairman Greenspan's "irrational exuberance" speech was in December 1996, with the bulk of the dot-com bubble to follow, but the Fed didn't even hike reserve requirements to send a warning shot across Wall Street's bow.

FORBES: Magazine Article

During ordinary cycles the first hint of higher rates and possible Fed tightening will cause shudders to ripple through the markets with the warning of tougher times to come.

FORBES: No Question Here, Interest Rates Must Rise For An Economic Recovery