00:00What happens if there's no Federal Reserve chairman confirmed on May 15th?
00:05Would you stay on?
00:06So if my successor is not confirmed by the end of my term as chair,
00:10I would serve as chair pro tem until he is confirmed.
00:15That is what the law calls for.
00:18That's what we've done on several occasions, including involving me,
00:21and it's what we're going to do in this situation.
00:23And while I'm at it,
00:26on the question whether I will leave while the investigation is ongoing,
00:30I have no intention of leaving the board until the investigation is well and truly over
00:34with transparency and finality,
00:36and I would refer you to the statement that was in the Fed's brief that you all have seen,
00:41and I won't have anything more for you on that.
00:43On the question of whether I will then continue to serve as a governor after my term ends
00:48and after the investigation is over, I have not made that decision yet,
00:52and I will make that decision based on what I think is best for the institution
00:55and for the people we serve.
00:58Figuring you probably were going to set the dominoes off there.
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