Austan Goolsbee

We should constantly be evaluating as a body what we're doing and the efficacy of doing that.

We switched out of that scarce reserves based regime to what we do now because in crisis there were some holes in a scarce reserves regime.

It's possible.

We should study it.

We should contemplate it.

If we're going to seriously think about doing that, we probably do want to revisit some of the logic of how we got to where we are now and moved away from that.

I don't know.

It sounds like you have a lot more expertise on the language of these decisions.

I've said unapologetically I think Jay Powell's a first ballot Hall of Fame Fed chair, and I'm a big supporter of his.

I don't know what the rules are.

when people's terms expire as chair, are they allowed to stay on?

If they are, I'm a big Jay Powell supporter.

I don't know.

I like him being around for sure.

I haven't talked to him about that.

It's not my place.

You know the rules of the thing are we speak only for ourselves.

We're not supposed to talk about what anybody else's thoughts are, opinions, or speak for the committee.

So I don't really have anything to add on.

Look, the Chicago Bears, wherever they build a stadium, they better be called the Chicago Bears.