Hilsenrath fanned the flames over the weekend, telling investors Fed officials have already mapped out their exit strategy.

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Every few weeks since, seeming to coincide with a stock sell off, Hilsenrath writes another story promising an easing soon.

FORBES: Will The Next Fed Easing Be The Last?

" Recently in The Wall Street Journal, reporter Jon Hilsenrath inserted "bubble" no less than 28 times in an article titled "Fed Debates New Role: Bubble Fighter.

FORBES: Magazine Article

Since QE2 was launched last November, GDP growth has slowed down from 3.6% in the fourth quarter to what Hilsenrath estimates will be 2% for the first half of 2011.

FORBES: Was $600 Billion QE2 A Waste of Money?

Adding to the hawkish sentiment, an article by Fed mouthpiece Jon Hilsenrath in the Wall Street Journal indicated Fed officials have already mapped out a strategy to wind-down QE, and that only timing is left as a point of contention.

FORBES: After Bernanke's QE Sent Stocks To Record Highs, Will Fed Tapering Collapse The Market?

Regardless of how markets choose to act in the short-term each time a speechifying Fed Governor or John Hilsenrath drops another ice cube in, you should know that the actual QE Exit is a four-step process and will play out over years, not weeks or months.

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