You're right HTG, I should have Fed'ed when I Administrated. I'm thinking the Fed is going to foul this one up. Why is that, you ask? I don't really know, it's just a feeling I have. I think they will wait too long to shrink the money supply.
If the Administration can get their dirty little fingers into the Feds machinations somehow, I suspect they will deliberately screw things up. Granted the Fed is independant, but...I just don't trust the current administration not to try influencing the Fed in some fashion. Hell, all administrations have tried to influence the Fed over the years.