The Fed needs to see more data [1]on macroeconomic performance for the second half of 2013 before making a judgment” Federal Reserve Bank of St. Louis President James Bullard’s pretty vacant explanation about the pace of its $85 billion-per-month program of bond buying.

After talking taper for months it should now be clear what we have been saying here for months- the Fed has no exit strategy. See the Smaulgld.com string of articles tagged Fed exit strategy [2]

How much more data do they need to realize failure?

http://smaulgld.com/never-mind-the-bullards/ [3]