I do some voluntary work http://al4a.fun/al4avideos/ al4 One suspects that some hawks want to end QE for reasons that have nothing to do with jobs or inflation. A paper by former Fed governor Frederic Mishkin, "Crunch Time", warns that the Fed will struggle to extract itself from QE if it delays until 2014. It may drown from losses on its $US3.6 trillion ($3.8 trillion) of bond holdings as yields rise.