and Ben can retire now !!
Ben's getting fired. Obama basically warned him on Monday about this.
The president cannot fire Ben.
Ben might like it. I mean he will be glad to go. He had no f' kin clue about the economy and tried three QE's and ended up enriching the rich. If he gets fired, the rich will find him a plump job somewhere in a bank or university.
If economic conditions do not deteriorate, tapering will likely begin later this year or early next year.
Yes, Ben will resign. He will probably give notice this year to allow time for a new chairman to be confirmed.