A year and a half ago it was pretty obvious how to forecast the path of the funds rate. Now, I think what happens is really going to depend on the new data that comes in. |
As long as productivity growth maintains its recent pattern, then I think he'll be in a nice position to maintain price stability and robust growth. |
Ben is going to unlock a lot of mystery. He's going to explain what he's doing and give an underlying rationale for it. The Fed will become less mysterious, and I think people will like that. |
Ben was a very good squash player; I gave up trying to be competitive with him. My competitive advantage with him was more in basketball because I'm three or four inches taller. But even there he was pretty tenacious. |
He was an educator for most of his life. ... That's the way he approached being a Fed governor. |
He's eminently reasonable. He'll react to the situation, but he'll maintain a long-term focus on price stability. |
In terms of his stature and experience, Kohn would be a natural person to turn to for the vice chairman's job. |
They are very down-to-earth. His wife is a wonderful person. She'll keep him on an even keel. |
When Ben steps down, we won't worry as much about the replacement, ... Greenspan never really left a playbook. |
When Ben steps down, we won't worry as much about the replacement. Greenspan never really left a playbook. |