patrick.net

http://www.foxbusiness.com/economy-policy/2013/12/13/brace-for-december-taper-ex-fed-official-kohn-sees-early-qe-cut/

While most of Wall Street is banking on a March taper, former top Federal Reserve official Donald Kohn believes the central bank may dial back monetary stimulus next week. Kohn, who was a final contender to replace Ben Bernanke as Fed chief, represents one of the highest-profile Fed watchers to predict a cut to quantitative easing, the central banks $85 billion monthly bond-buying program. On Thursday, Kohn told clients of political consulting firm Potomac Research Group that its a close call but chances are now 60-40 that the Federal Open Market Committee trims QE on December 18. The former Fed...