pekosz: it is focusing on the positive.protection right is with the general population really needs to know. scientists such as myself, myriad scientists across the country are interested in the breakthroughs because that may tell us something about how to make a better vaccine and protect people better. the general population needs the focus of the fact that vaccines are working. the vast majority of cases in hospitals that are being diagnosed right now are in unvaccinated people. that tells us the vaccine is working. that is the twist on this we have to talk about. lisa: i hear that and everybody says that. as the mother of a child not eligible at this point, if i get infected and i can transmit the virus, even though i am vaccinated, it becomes a problem. what you say to people concerned about how that goes along and they cannot live life in a normal way until the delta variant is more under control? how do you communicate that will saying vaccinations work? dr. pekosz: it is the surge of virus infections that is causing

pekosz.a here at jackson hole, there will be the speech of the bankers, the chairman, all of that and then a lunchtime speech under the beautiful tents. in the papers, the kansas city fed's tradition is to keep the papers under wrap to the point where we don't even know the agenda until last night after thinking it was 3:00 p.m. lisa: i think it was 7:00 p.m. tom: and we don't see the papers until they come out which drives me nuts. the imf is always a treat. all of a sudden, as you said it was 7:00 p.m. last night, my must-read paper is eric leeper of the university of virginia, this is his wheelhouse, fiscal and monetary policy with the former vice chairman of the fed. i will look at that. lisa: what i think is interesting is this meeting arguably could be more important to the rest of the world and even the united states. arguably tapering at this point and the path of it will have a more dramatic effect on other developed and developing nations. we hear that from philip lane at the ecb ea

pekosz was talking about the elderly and the booster shot. do not know what you are talking about. tom: i will get my booster shot during the break. vince reinhart next. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >> there is an unprecedented amount of liquidity everywhere. a lot of it seems to be on the sidelines. >> consumers are seeing a stronger economy but are less likely to participate in it. >> it is not so much about the inflation but with the fed is going to do about it. there are definitely signs they need to be tapering it. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. tom: good mo