shelby's comments are important because democrats would need to pick up only five republicans vote to clear procedural hurdles and bring yellen's nomination to a full senate vote. yellen's nomination needs only a simple majority. joining us this morning from washington is eamon afterers. this is getting back to some tense times in the senate when it comes to these nominations. we thought we had averted these issues. >> mccain threatening to pu put a whole here on janet yellen in the united states. they wanted to see more of these documents related to ben fwazzy. they wanted to see the survivors of benghazi testify on capitol hill. they would like more information as to what exactly happened there. they don't have any particular animous towards janet yellen herself. this is just the leverage they have to get this done. it's been a very bad week for for obama admin appointees. yesterday, the senate rejected mel watt, the housing agency nominee for the obama administration. it's a very rare thing for a sitting congressman to be rejected. but they did that yesterday in the senate. it's a

to some of the problems other fed chairman and other fed nominees have had, for example, when rich shelby was the chairman on the ranking committee, that had to do with proilg unsatisfactory answers. at this point, i just don't see anything getting in the way of her confirmation. >> ip, did you see that mckenzie study? >> which mckennedy study? >> it said qe did nothing for the stock markets, but saved governments around the world $1.3 trillion in funding costs. >> i didn't see that, but i'm looking at the stock market 20% this year and -- >> check it out. it's a mckenzie study that says -- you know, mckenzie, i don't know if i believe it, but they somehow determined that it had nothing to do with the rise. but the funding costs, it was something like $1.3 trillion saved global government. .after reading that, i was thinking why not make it permanent? if you can get governments to run $1.3 trillion cheaper, then hey, let the good times roll. but -- >> swroe, this is a great question. i think actually they're going to get this question because a lot of people in the markets are asking this