todd horowitz. todd was just mentioning tomorrow is the day, the markets are waiting on janet yellen's confirmation hearings hoping for some kind of signal that the easy money of the bernanke era will continue but that is exactly the problem many peel will be among her biggest problems if confirmed. breaking the market's addiction to easy money. and this is a view increasingly expressed by former fed officials including our next guest. he is a former federal reserve bank of new york first vice president. ernie, great to see you. >> good to see you. >> so i guess, the first question you would ask janet yellen if you were to question her tomorrow would be, how do you get out of this huge portfolio you guys have? >> when are you going to start tapering. and how long is it going to take you to taper. what rate are you going to use. david: what do you think she would answer? >> i think, they will all rely on employment. using employment figure distracts us. so we can say it will be 5.6. staff study says

liz: todd horowitz,. >> david: kudla, mark sebastian. david: thanks, guys. liz: coming up, dissect. in essence what he was reporting a december taper was still on the table. >> just a moment, we're going to hear from mr. jon hilsenrath if he read anything in today's notes? we have the former president of the federal reserve bank of st. louis, william poole, his successor saving very interesting things about tapering. we'll get both guy's reaction to the fed tapering coming up. liz: groupon making a big change in order to get deals into your hands literally. we'll tell you exactly how. publicly-traded stock. pretty volatile. stay tuned. ♪ [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. a research tool on thinkorswim. she loves a lot of it's what you love about her. but your erectile dysfunction - that could be a q