Gary Cohn

I think they'll come out in the right place.

I mean, historically, the Fed has done a very good job.

Have they been a little bit late?

Yeah, they were late in the transitory inflationary problem of COVID, but they've caught up, they've gotten to the right place.

I think if you look at the Fed through the cycle, they end up getting to the right place.

He was not as involved then.

But remember, he was a first-term president who was an outsider to Washington.

That was part of his mystique, is he was an outsider to Washington.

He knew he had to put someone into the Fed chair's role, and he approached it.

But I think now, understanding the importance of interest rate policy and understanding his view of interest rate policy, he's taking considerably more time talking to the various candidates.

Look, Kevin is highly qualified.

Kevin has served in the Fed.

Kevin was there during some of the toughest days of the Fed during the financial crisis.

I personally was dealing with Kevin on an hourly basis as we were trying to figure out what was going on in the United States financial system.

Kevin was an

active participant in the outcome that we all benefited from.

And without Kevin's wisdom, I'm not sure we would have ended up in the same place.

He's a highly qualified candidate.

You know, you and I both know, whoever gets appointed, there will be people that are disappointed and will have negative things to say about them.

On the flip side, there will be people that will be very happy with whoever one of those four gets appointed.