00:00After my term as chair ends on May 15, I will continue to serve as a governor for a period
00:04of time to be determined.
00:07I plan to keep a low profile as a governor.
00:10There is only ever one chair of the Federal Reserve Board.
00:14When Kevin Warsh is confirmed and sworn in, he will be that chair.
00:18Once sworn in as board chair, his new colleagues will elect him to chair the FOMC as well.
00:23My concern is really about the series of legal attacks on the Fed, which threaten our ability to conduct monetary
00:30policy without considering political factors.
00:33And I want to note here, this has nothing whatever to do with verbal criticism by elected officials.
00:39I've never suggested that such verbal criticism is a problem, and neither has anyone else here.
00:44In terms of when I would leave, I will leave when I think it's appropriate to do so.
00:48I'm literally staying because of the actions that have been taken.
00:51I had long planned to be retiring, and, you know, the things that have happened really in the last three
00:58months have, I think, left me no choice but to stay until I see them through it.
01:02I don't see how this will interfere.
01:04My intention is not to interfere.
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