Blinder: Fed's Hawks and Doves Will Battle Over Exiting Easy Monetary Policy

``"Once the Federal Open Market Committee (FOMC) announces a few more $10-billion-a-month taperings of asset purchases, the financial markets will fixate completely on the Federal Reserve's eventual exit from its current extraordinarily easy monetary policy," he writes in The Wall Street Journal. That may happen around July 30, says Blinder, now a Princeton University economist. "And it will probably be accompanied by a revival -- likely a loud revival -- of the hawk-dove wars at the central bank." ''