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We get back to this breaking news in -- that we just brought you before.
Richmond fed governor -- -- is saying September's one of the possible -- when the Fed could start to tap down the breaks here.
On -- money printing that we've got former fed economist David Jones.
He joins us now and you called this you actually said last time you hear that this is the time frame that you sought but are you surprised after all the backpedaling by the Fed that someone actually came out to say that this week.
I would like to -- to be more -- -- on this issue because.
I think the markets need that we've seen a lot of volatility in both the bottom of the stock market based on this.
First hint that the bit might start tapering back that they billions.
In -- bond purchases but I think -- the perfect date as long as the labor market conditions.
Continued to improve -- a sustained basis but I certainly look for that I think we'll get maybe wanting.
1000000000 knocked off of the -- 85 billion per month since September.
David Cook -- big is the bread making a mistake though trying to peg this to the calendar.
And then saying it depends on the -- it's sort of like saying listen -- you know the new diet pill works -- long to exercise.
-- it's it's one of the things that's almost a no brainer isn't all this the revolving around data why even bring updates.
Well it can't but it is highly confusing remember we've got two different -- one is one to cut back on remotely.
Bond purchases which caused the bid to become even more accommodative every month but at next decision.
Down that road -- winter break the federal funds rate which -- -- he wrote appointed by the spent forever and it's a confusing decision and it seems like you've been a bit policy makers they're confused about that.
Well I gotta tell you call this and Jeff lacquered all of you right up on -- so we'll be back with you soon thanks Lauper.
Come into the -- so quickly we appreciate it thank you to.
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