The fed has to show there on top of issuing, and then the broader issue is later on this year, maybe having a permanent repo facility that could address this and possibly expending the balance sheet. David a month ago when we heard from chairman powell, there was a lot of talk about uncertainty with respect to trade. We have more uncertainty now with the attacks on saudi arabia. We will hear more about geopolitical uncertainty. Carl they have been very focused on geopolitics and trade tensions as a reason to increase Downside Risk in the economy and having to lower policy to respond to that. If anything, those tensions have gotten greater in the last couple of weeks, not only with trade tensions continuing to build but also what we see in terms of Oil Price Spikes and geopolitical tension. David thanks so much. We will be watching with you in under two hours. Now we go to london in mark champion. It isarabia said unquestionable iran is behind the attacks. What comes next . Mark a very
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