you asked about the fed of the shelbyville. a title that addresses a number of issues pertaining to the fed i suppose i would ask what exactly is the problem. high priority on being accountable and transparent central bank. i think that if you compared the transparency of monetary policy decisions and the federal reserve with other central banks we are one of the most transparent central banks in terms of the information that we provide to the public in a variety of ways. to my mind the fed is accountable command we work well as an institution. i'm not certain what the problem is that needs to be addressed. >> thank you very much. first question to do with the balance sheet and tightening monetary policy. he suggested the short rates should be height some way from the low bound for the fed continues. i wonder if you could give a little bit more clarity on how the fed intends to approach the issue of ending reinvestment on the balance sheet. what you see any argument for a tapering to smooth the profile? the 2nd question is real

you asked about the shelbyville. the shelbyville has a title and a title in it that addresses a number of issues pertaining to the fad. i suppose i ask what exactly is the problem. we place high priority on being unaccountable and transparent central bank and if you compare it to transparency of monetary policy decision in the federal reserve with other central banks, we are one of the most transparent central banks in terms of the information we provide to the public in a whole variety of ways. to my mind the fed is accountable and we work well as an institution. i'm not certain certain what the problem is that needs to be addressed. >> dan fleming from the central times. first question is also referencing the bill that has to do with the balance sheet entitling monetary policy. she suggested the ray should be hiked some way the balance before the fed continues reinvestment. could you give a little more clarity on how the fed intends to approach the issue of ending reinvestment on its balance sheet. the gc any argum

you asked about audit the fed in the shelbyville. -- shelby bill.s a title in it that addresses a number of issues pertaining to the fed. i suppose i would ask, what exactly is the problem? beingce high priority on accountable and transparent. transparencye the of monetary policy decisions in the federal reserve with other central banks, we are one of the most transparent central banks in terms of the information that we provide to the public in a whole variety of ways. to my mind, the fed is accountable and we work well as an institution. i'm not certain what the problem is that needs to be addressed. >> thank you very much. question -- to do with the use of the balance sheet and tightening monetary policy. he suggested the short rate should be hiked some way from the zero lower bound. before the fed continues reinvestment. i wonder if you could get more clarity on how the fed it tends -- intends to approach and angry investments. s. ending reinvestment question -- you've used the term gradual. is it on its way to becoming official guidance from th

grew up in the small central indiana town of shelbyville, far away from the negative influences of bigt of people don't like it. i like it. there's not a whole lot to do but, you know, just hang out with friends. wrong ones at that, i guess. >> hey, good morning. >> jones' first run-in with the law came at age 9, when he was found guilty of stealing mail and committing arson. he had set fire to an abandoned semi truck in his neighborhood. >> friends were just talking me into it. i was like, all right. took lighter fluid and threw it in the back and set it on fire. that was the first one. it just kept going from there. i got criminal mischief for taking my dad's heart pills and putting them in little apples and throwing them over the fence to animals and stuff. i was just -- i was bad. >> jones says he began using drugs at age 11 and was soon selling them and stealing to support his habit. at 15 he was put on probation after assaulting the manager of the fast food restaurant where he worked. then at age 18, three years before we met him, jones was convicted of the burglary that would br

cynthia is up next from shelbyville, indiana. good morning. caller: good morning. i do not believe that the pope pos's encyclical will have any impact on the congress, or it shouldn't anyway. he went off base here. there are plenty of scientist to our christians -- not catholics -- there is a difference, who refute the idea of climate change. the climate has always changed. it has nothing to do with what the pope says. anybody who listens to that should look at the bible, not the catholic church teachings. that is what christians follow. we are not catholics. thank you, have a good day. host: i wanted to point out that a couple of our viewers brought up the issue of abortion coming up in the popes and cyclical -- pope's encyclical, coming out on thursday. a story notes that he condemned attacks on human life, such as abortion embryonic experimentation, and population control saying that creation and human dignity go hand in hand. that story from "the national catholic register." we have a special line for catholics in this first segment of "the washington journal."

you asked about the fed of the shelbyville.the shelbyville has a title that addresses a number of issues pertaining to the fed i suppose i would ask what exactly is the problem. high priority on being accountable and transparent central bank. i think that if you compared the transparency of monetary policy decisions and the federal reserve with other central banks we are one of the most transparent central banks in terms of the information that we provide to the public in a variety of ways. to my mind the fed is accountable command we work well as an institution. i'm not certain what the problem is that needs to be addressed. >> thank you very much. first question to do with the balance sheet and tightening monetary policy. he suggested the short rates should be height some way from the low bound for the fed continues. i wonder if you could give a little bit more clarity on how the fed intends to approach the issue of ending reinvestment on the balance sheet. what you see any argument for a tapering to smooth the profile? the 2