Wall Street grapples with Fed power shift, policy

Now that Bernanke has tapered twice in succession and in equal $10 billion increments, it could reduce Yellen's flexibility if circumstances change, warns Donald Luskin of Trend Macrolytics.

"Bernanke has handed Yellen a fait accompli, an established policy trend that will be difficult for her to contradict," he told clients.

Thursday, January 30, 2014
USA Today