patrick dumont will be named president and coo and a new cfo is named. romaine: will be talking about this for quite some time. remember the old days, they have ng up. will have a voice from ubs joining us in just a moment to break down what to expect from the fed. this is bloomberg. ♪ romaine: all this talk about gamestop and all these other penny stocks, people forget about jay powell. do you think will see a 200% jump in stocks? joe: i hope the first question is what is he going to do about this outrageous speculation going on. people are wondering about the future of balance sheet policy, people wondering about another taper tantrum and how they're going to stop that before the eventual normalization of policy. who knows, when it could be something more and more people are thinking about, but still more action is expected here. joining us is our guest, thank you so much for joining us. what is the most likely way the fed could make news tomorrow? >> i think the most likely way would be chair powell directly answering the question with some timing abo