Testing times in the tapering camp

The mere mention of a tapering of the Fed’s bond-buying program sends the market into convulsions. Two sources rule in the search for a signal.

Forget Hayek versus Keynes. Forget even Krugman versus Reinhart-Rogoff. 

There’s a new economic showdown in town, this time between US Federal Reserve watchers Robin Harding and Jon Hilsenrath.

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