Some thoughts on the Fed’s QE stance

A week ago I wrote that I believed QE will end this year after tapering off in June. I stand by this stance. However, we have heard from three Fed officials in the interim and I wanted to pass on what they are saying to gauge how likely it is that the Fed will taper QE in June and end it in 2014.
The Wall Street Journal's blog Real Time Economics picked up on all three. First, there's Charles Plosser of Philadelphia. Note that while what he says influences policy, Plosser is an alternate member of the FOMC and cannot vote on decisions.
The WSJ wrote:

The leader of the Philadelphia Fed said Tuesday any central bank exit strategy should return the institution to its pre-crisis roots, and he warned his colleagues not to over-rely on a relatively new power that allows them to pay interest on ...


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