Fail again, old man. As so many Fed folks have pointed out, "Tapering is not tightening". And even if it were (and I believe it is over the longer term) it takes a lot time to drain that amount of liquidity from the world economy. It's not like someone goes "that's it, hit the switch" and instantly all the liquidity dries up.
You don't honestly expect him to engage in an economic discussion that goes beyond what he reads in the NY Times, do you?