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@clive_crook Most likely reason QE stops is goal achieved, labor mkt improved. If costs a factor, fin stability, not inflation will lead.
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Rep Jordan informs ex-IRS commish Shulman he visited Obama WH 118 times, more than "some of these Democrat members of Congress"
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Lois Lerner to committee: "I have not done anything wrong." But she takes 5th, refuses to answer Qs. @jwpetersNYT t.co/D5td0G5MSI
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Rep. Jordan: "Are you sure you're being square with us?" Shulman: "Absolutely."
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Memo to Obama: If you want the IRS scandal to move away from the White House, try being more forthcoming. t.co/gGorHwrCJG
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@mckonomy Right. Tapering would be priced in before it happened, unless market misreads Fed reaction function. Been known to happen.
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Whatever you think of IRS it's wrong to suggest invoking 5th is "admission of guilt." It's a crucial right, for everyone, from our founders.
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@ryanavent "The central banker who mistook his inflation target for a cap."
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@mckonomy @JoshZumbrun @TheStalwart Less QE in absolute terms is easing. Less relative to *expectations* is a tightening (stock effect).
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appears members operating from this Congressional hearing playbook: 1. call witnesses 2. get mad at what they tell you 3. yell at them
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