We've seen the prepared remarks for both panels:
- Yellen - Fed 'easy' but staying the course on Taper [5]
- Taylor - Fed policy is the problem [6]
- McCloskey - Fed regulation has reduced Main Street access to banking [7]
- Calabria - Fed exit strategy not credible; cause of instability, not cure [8]
- Kohn - Fed independence at risk [9]
So this morning's "Monetary Policy and the State of the Economy" (Humphrey-Hawkins) hearing should be a somewhat contentious baptism of fire for Janet as the Q&A starts.