- Own expectations were about 60/40%
- Difference between none and $10 billion taper is not a big thing
- 7% unemployment rate is not a commitment. Bernanke put it in as sign post
- October Fed meeting may be a “live” meeting, i.e accompanied by press conference
- Small taper possible in October
- Doesn’t see any problems in continuity if Yellen takes Fed chair
Dollar taking the talk of a taper at the next meeting to the bank. Here we go again
