House Republicans Resume Efforts to Reduce Fed’s Power - NYTimes.com

Any number of things could derail the benign climate for equity investing.  This is one of them.  It could happen as early as November elections but I couldn’t handicap when Republicans will gain control.  With the current policy of exclusion, Republicans winning a national election seems as likely as peace in the MidEast but things do change in ways we cannot predict.  Forcing the Fed into raising rates earlier than anticipated would certainly temper animal spirits.

House Republicans Resume Efforts to Reduce Fed’s Power

By BINYAMIN APPELBAUMJULY 10, 2014

WASHINGTON — House Republicans frustrated by the Federal Reserve’s expansive economic stimulus campaign and its growing role as a financial regulator are renewing their efforts to constrain the central bank.

via House Republicans Resume Efforts to Reduce Fed’s Power – NYTimes.com.