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calms entire library and new content that's added every week you know listeners to my

podcast have likely been anticipating today's podcast all week and you know it's been a

busy week for me which is why I've waited so long to grab the mic but investors have

also been highly anticipating fed chair Jerome Powell's speech today at the Jackson

Hall symposium this time taking place virtually the same way they did it last time normally

it is in Jackson Hall Wyoming but people were just as excited to hear this virtual

speech as they typically are to hear the ones that are delivered personally and what

everybody was anticipating was a hawkish speech in fact Powell was supposed to use Jackson

Hall to basically unveil the taper because up until now the taper had simply been talked

to in hypothetics I mean we've talked about a taper or fed officials have talked about

a taper in fact during the course of the week several other fed presidents had been interviewed

and had talked about their preference for a fall taper they said that they think taper

should start in the fall although the forum that the taper would take was still up in the

air at least there were some fed guys that said they wanted it to start right now so the

expectation was that Powell would echo those sentiments but also put a little teeth in

it by clarifying exactly what taper would entail because as of now nobody really knows

the fed is currently monetizing a hundred and twenty billion dollars of debt every month

and the taper involves a reduction in those purchases it doesn't mean they stop the purchases

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