00:00Personally, I believe he'll stay on past the midterm elections, past the midterms, past the midterms. Why will he stay
00:06on?
00:07Because he'll want to ensure that the market sees the independence of the Fed, that he's already been there for
00:1514 years.
00:16He's a stabilizing force and they can't be politically influenced. Will he stay on as Fed chair or as governor
00:23or both?
00:24I think after the midterms, he will no longer be Fed chair.
00:30But I think at the May meeting and perhaps the July meeting, he will be still the Fed chair.
00:37It all comes down to what Tom Tillis decides, what the courts decide on Lisa Cook and the suit against
00:47Jay Powell.
00:49All of that resides with Tom Tillis.
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