00:00You attended the Supreme Court hearing last week on the Lisa Cook case.
00:05And Treasury Secretary Scott Besson criticized that as political.
00:08Can you say why you attended?
00:10And what you would say in response to the Secretary's criticism?
00:14So let me start.
00:15I don't respond to comments by other officials, whoever they are.
00:20It's just not appropriate to do that.
00:22I will tell you why I attended.
00:25I would say that that case is perhaps the most important.
00:30legal case in the Fed's 113-year history.
00:33And as I thought about it,
00:35I thought it might be hard to explain why I didn't attend.
00:39In addition,
00:40Paul Volcker went to a Supreme Court case famously,
00:43and I guess in 1985 or so.
00:45So it's precedented,
00:47and I thought it was an appropriate thing, and I did it.
00:50You've generally avoided engaging with political controversies directly.
00:53In the video statement on January...
00:55What made this different, and are you concerned it could draw...
01:00the institution further into political debates?
01:02So today on...
01:05I'm simply going to refer you to the statement that I made on January 11.
01:09I'm not going to...
01:10I'm not going to expand on it or repeat it.
01:12So I'm just not going to...
01:14This is...
01:15This is really about the press conference and the economy and what we did today, but...
01:20And some ancillaries, but I'm not going to be getting into that.
01:22Can you say whether the Fed has responded to...
01:25I have nothing for you on that today.
01:30Mike.
01:34Michael McKee from...
01:35Bloomberg Radio TV.
01:36Have you made a decision on whether you would remain as a...
01:40Governor of the Federal Reserve, and if so, would you tell us what it is?
01:44And if not...
01:45When might we anticipate the decision?
01:48No, and...
01:50I really, once again, have nothing for you on that today.
01:53That either.
01:55Why would you want to leave at all under the circumstances?
01:59Why would you want to leave at all under the circumstances?
02:00Well, again...
02:01I don't want to get into that.
02:03It's not something I'm...
02:05There's a time and place for these questions, but not something I'm...
02:10I'm going to be getting into today.
Comments