The Fed's No-Hake Situation Is on the Table

The Russian central bank has been issuing a press release pretty much every hour. Francis: Why do you think that the Western central bankers have been silent? Do you think they will comply with the forward guidance that Western politicians have been promulgating, which is kind of in their ballpark? Totally. As I've said earlier in this program, I think they have had a hand in it. And that's why they haven't issued any separate pronouncements about it apart from Andrew Bailey's statement. He was just going to meet with the heads of the banks to discuss how they were going to implement the Swift plan. Everything else has been pretty quiet.