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Next week the big issue is the Fed the Fed will be out there and of course the Fed is always on the tips of everybody's -- not just on Wall Street.
But here in Washington DC today I sat down exclusively with International Monetary Fund chief.
Christine Lagarde she's the managing director and I asked madame Lagarde what she thinks.
About the Fed's bond buying program and specifically the tapering that everybody's talking about and when she thinks.
That tapering will begin to happen and scale down.
Listen to what she -- The monetary policies.
Put in place as actually helped the US economy significantly.
It -- given it breathing space because of you know clearly have an effect on the long term interest rates which is what was intended.
We seeing it now in the results but the Fed does actually outlined two different garment has one is the unemployment.
And that the inflation target which is you know -- -- the two objectives.
-- by the Fed.
For the moment the unemployment numbers are still quite -- In a seven point 6%.
That needs to come down.
And inflation is very well anchored around 2% probably the real inflation numbers -- -- it done -- -- spoke one point 8%.
So the Fed 'cause.
Still in it to see results coming in before it gradually phases out our recommendation is clearly -- the phasing out -- -- Proven to be careful carefully managed.
It has to be appropriate both for domestic purposes but also with due regard to what is happening in the emerging market economies.
-- interestingly she says the Fed has many tools to deal with this and the number one thing she mentioned was its communication abilities.
What does that mean to me what does that mean to the markets I think it's that she truly believes Ben Bernanke and company have to be very very clear.
About when and what it means not tightening rates just simply tapering off the 85 billion a month and -- -- --
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