“Under normal conditions, you’d be smart to assume that the Fed won’t taper until unemployment falls below 7% and inflation rises above 2%. But there’s a curveball: Bernanke will almost certainly step down as head of the Fed in January 2014. Rumors say that he wants to begin tapering before he leaves, for obvious reasons. Such action would increase the odds of history viewing him favorably. If Bernanke tapers, he can take credit for putting the US on a responsible path before handing the reins over to the next guy or gal. Whatever happens after that is Janet Yellen’s problem (or whoever-replaces-Bernanke’s problem).”

http://www.caseyresearch.com/cdd/the-taper-caper

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