Guggenheim's Minerd Says Fed Plans to 'Sit on Their Hands'

The transcript discusses the Federal Reserve's approach to tapering and inflation. It highlights market expectations for tapering in the fourth quarter and the Fed's cautious stance on inflation, emphasizing that it is not seen as transitory. The discussion includes historical context from 2012-2013 when Ben Bernanke first mentioned tapering. It also considers the current chairman's potential actions and the importance of addressing tapering before his term ends.

In what context does the speaker mention 'tea leaves' and what does it signify?

What does the speaker imply about the communication frequency with the Federal Reserve?