For the most part, Ben Bernanke and his colleagues at the Federal Reserve have been good guys in these troubled economic times. Until now, The New York Times reports.
Lately, Fed officials have been issuing increasingly strong hints that rather than doing more, they want to do less, that they are eager to start “tapering,” returning to normal monetary policy. The impression that the Fed is tired of trying so hard got even stronger last week, after a news conference in which Mr. Bernanke seemed quite happy to reinforce the message of an imminent reduction in stimulus.