Read this article about monetary policy and Janet Yellen, and then read between the lines as to what the future holds. http://www.realclearmarkets.com/docs/2013/10/Hanke November1.pdf It means she is going to squash the private sector, and since the fed will not allow money supply to descend for long, we can therefore infer that "taper" is more of an inside federal reserve joke than a probable policy. She will most likely not only not taper, but will make qe bigger. Bigger and bigger gov't here we come. If she wants more regs on banks, what other choice does she have than to increase qe to infinity? They want and need money supply to grow, yet they don't want the private sector to do it.
The joke will be on her, when the Fed runs out of things to buy and the market no longer has any worthwhile collateral to use.