Some at the Fed Want to Take Away the Punchbowl

I guess you can't buy $85 billion in treasury bonds forever. Easing from the Quantitative Easing is not going to be easy and the market is going to sell off because of it. There is just too much funny money floating around and a nice correction might be a good time to pause to get back in.

Minutes of the Fed's April 30-May 1 meeting released Wednesday show "a number" of members expressed a willingness to scale back the $85 billion a month in Treasury and mortgage bonds the Fed has been purchasing, perhaps as soon as next month, if the economy accelerates. The Fed next meets on June 18-19. 

Still, Chairman Ben Bernanke, the Fed's most important voice, signaled Wednesday in testimony to Congress that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs. 

I'm picturing the other Fed officials jumping on the skids of the money-dropping helicopter that "Helicopter Ben" is in trying to get it to land.