00:00A lot of people looked at the last decision and noted that in January you always choose the chairman for
00:06the rest of the year for the Open Market Committee.
00:09And that's what you did this time instead of, as has been done in the past, saying chairman until successors
00:14in place.
00:16If Kevin Walsh is not confirmed by then, would you support Jay Powell remaining as chairman of the Open Market
00:22Committee?
00:23I don't know. It sounds like you have a lot more expertise on the language of these decisions.
00:30I've said unapologetically, I think Jay Powell's a first ballot Hall of Fame Fed chair, and I'm a big supporter
00:38of his.
00:39I don't know what the rules are when people's terms expire as chair.
00:47Are they allowed to stay on? If they are, I'm a big Jay Powell supporter.
00:52Well, Jay Powell can stay on as a governor, certainly. And would you like to see him do that?
00:58I don't know. I like him being around for sure.
01:04So you're not going to have you talked to him about it at all?
01:07I haven't talked to him about that. It's not it's not my place.
01:11You know, the rules of the thing are we speak only for ourselves.
01:15We're not supposed to talk about what anybody else's thoughts are, opinions or speak for the committee.
01:20So I don't really have anything to add on.
01:23I don't know.
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