The federal funds rate has gone to zero. Ostensibly unlimited quantitative easing operations are underway. Hundreds of billions are being pumped into the repo market, and the Fed’s balance sheet is set to explode to all time highs. The question is – will this be enough? Can the Fed calm markets during these times of fundamental uncertainty or is the bloodbath on Wall Street just getting started? Given the limited arsenal of tools available to central banks around the world, now is the time to understand the efficacy of monetary policy in combating this unique crisis. James Bianco, president and CEO of Bianco Research joins us to discuss everything macro, the questionable legality of ETF & corporate bond purchases by the Fed and whether these aggressive policy decisions can actually save the day.