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Indiana Urt Q Form

Indiana Urt Q Form

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we've also got to talk about First Republic this morning it's up slightly following its downward plunge but still down over 17 percent in the last two days as pressure mounts but our next guest is pointing a finger at two individuals for the lender's downfall Fed chair Jerome Powell and treasury secretary Janet Yellen Chris Whalen Whalen Global advisors LLC chairman joins us now Chris great to have you here with us this morning good morning all right so so what's up why is it Jay and um and secretary yellen's fault well particularly chairman Powell but also I think uh secretary Yellen were Advocates of a strategy that's called go big at the FED after 2018 you recall at the end of the year we had a big problem in the money markets and so I think chairman Powell and some of his colleagues panicked in Washington and they decided to provide more reserves they did so in 2019 and then we had covet and they even went bigger and they expanded the fence balance sheet almost nine trillion dollar

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