The Federal Reserve has a big credibility problem: Everyone believes the Fed will do anything to keep the stock market going up, even if it means blowing bigger and bigger bubbles. The “Greenspan put” became the “Bernanke put,” and now the “Yellen put.” The Fed’s quantitative easing programs have only fed the belief that the Fed is the sole source of support for markets. Even after the Fed has begun to taper its QE3 program, there are those who believe it will never stop completely. QE4ever! New Fed Chairwoman Janet Yellen could restore some of the Fed’s credibility in one bold move: She could create a “Yellen call” ... (full story)