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>> donald said that janet yellin should be ashamed of herself. they said they were under pressure to keep the rates low. do you agree with trump on that? who would you like to see follow janet yellen when her term ends? >> okay, a couple questions here. one, i'm not going to criticize janet yellin, but aagree generally. you can't keep 0% interest rates because it builds asset bubbles. you splus fiscal stimulus. most important stimlace them to invest. a lot of people after world war ii thought the economy would go

When it stopped the market went down. so they started number two. market wasn't up. when it stopped, market went down. then went to the big enwhich en. my big worry is whatbeu happense day the market stops listening to the fed and we may be in the eighth and ninth inning of that right now where the market says, enough is enough. at the end of the road, when you try to have asset bubbles and you get them, eventually pricing valuation will matter and i can promise you, price around the globe and many areas, private equity, is at ridiculous levels and the comeuppance may be at hand. >> what they'...

You can certainly say that wall street got investors fed up, something else has charlie gas speaker reno fed up and that would be the fed as in the federal reserve. you're putting blame on them. >> a lot of the blame. part of the blame is like not deserved. why did the fed keep interest rates so low, print the money, part over he reason why we have what we have today. it did so because we didn't have good fiscal policy out of the obama administration so they needed to stimulate the economy. right now when you stimulate too much, you create asset bubbles and you have to raise rates. look when t...

Reserve has maintained these extraordinary policies, very low rate, other kinds of programs that pump cash into the system. >> well, certainly keeping rates low. there is no rational reason not to keep them low. basically, you know, business doesn't see a lot of investment opportunities, how people are not ready to buy houses in large numbers yet so you have have to have a cheap money environment and at least thankfully the fed has been doing its job. >> a lot of people argue what the federal reserve is doing has not produced that much in terms of robust recovery by your own admission, but ins...

Policy, is to not take out the fire hose and try to stop things before we really have had a chance for the recovery to take hold and to reach deeper into the middle class and to lower income households. >> this is where we disagree. >> jared, you are reading my mind because what i was taking away from these numbers is we're seeing a strong second quarter. people are talking about 3 to 3.5% job growth. the dow just hit 17,000 today. it's a record high. people in the market are talking about the federal reserve is going to start to raise interest rates sooner than their target but janet yellen c...