(Tyler Durden) One day after NY Fed president John Williams (who apparently was not daytrading stonks and has not resigned unlike his Boston and Dallas Fed pals) warned of an “extreme” market backlash if the US debt ceiling is not raised (hitting even FOMC members’ wealth!) and just hours after Republican Senators blocked a Democratic Bill to raise it as was widely expected, this morning Janet Yellen sent yet another letter to Nancy Pelosi urging her in no uncertain terms to raise the debt ceiling.