mary daly sounded a bit hawkish to me. >> mary daly's comments were much more in line with lull lard'sly an outcome base, and that's what jay powell has told us many times, but her comments are very important it wasn't necessarily about quantitative easing, as much as about tightening in general. i'll tell you what, most of the traders i talked to, forgot all of the politician, all of that they see a certain amount of or poutser. they could fight the current on the economy, but in the end, the move we dissed is the most these most likely agreed with. >> let's go to jay powell. thanks, rick. >> -- return to full employment. you have also observed, the economic downturn that has not fallen equally on all americans. we have observed, i know the fed has extensive data, that is looking at steps that can be taken to address economic disparities. my question is, why do you believe the economic equity is important for the strength of our economy as a whole, and necessary to successfully fulfill the fed's core man dade of surprise, stability and maximum employment >> thank you, mr. chairman so

i want to bring you these headlines from san francisco fed president mary daly said the fed set for taperingords, quote, within our line of sight. i think it's possible we could even get there sometime late this year, early next year that's the end quote daly also adding we are not there yet, but it is appropriate to start preparing for the time that we would hit that threshold. so, pretty interesting, you could almost say pointed remarks from the san francisco fed president there, all this in anticipation of chair powell himself speaking to congress at the top of the hour in a week in which they've cllargely tried to walk back soft of the hawkish read last week >>> we've been seeing a meltdown in things like bitcoins, the spacs, the meme stocks bitcoin is down 43%. spac is down 3%. even amc falling 10% in the past week and my next guest says it's game over for them and it's time to focus on fundamentals. joining me now is neil hennessy. it's great to have you here. maybe you can provide clarity. what do you think is going on here is there direct connection between the frothy blow off and wh

mary daly is also speaking and the cleveland fed president speaking at events elsewhere. stick with some of the events we are watching out for it. angela merkel and the italian prime minister draghi met in berlin yesterday to discuss the upcoming eu summit. the leaders emphasized the importance of cooperating on migration. >> we touched upon some things that will be discussed at the eu summit particularly migration and on this, we will work together and help each other. this is the direction our governments are working towards. anna: meanwhile, italy and germany's recovery plans are said to be approved by the eu commission today. joining us now to bring us up to speed from brussels is bloomberg's maria tadeo. germany and italy in terms of policy. we saw this meeting taking place. maria: they are in sync to the extent that their recovery plans will be approved today. they have known each other for many years especially when mario draghi was at the european central bank. you had the cdu present their election program. it was a typical cdu program that emphasizes fiscal resp