Mike McKee

You're probably going to be waiting a while until you have to actually put those on paper.

But let me ask this.

How much confidence are you going to have, given everything that's going on right now in the numbers you put down?

Another Kevin Warsh idea is that the Fed should go back to a scarce reserves way of managing monetary policy.

Would you support that?

Coming up is Jay Powell's, in theory, he'll leave the chairmanship.

He could stay on the board.

A lot of people looked at the last decision and noted that in January you always choose the chairman for the rest of the year for the open market committee, and that's what you did this time instead of, as has been done in the past, saying chairman until successor's in place.

If Kevin Warsh is not confirmed by then, would you support Jay Powell remaining as chairman of the Open Market Committee?

Well, Jay Powell can stay on as a governor, certainly.

And would you like to see him do that?

So you're not going to, have you talked to him about it at all?

Last question.

All politics are local.

For the Chicago district, this is a message for you.

Do you support the Bears going to Indiana?

Saved the toughest question for last.

Austin Goolsbee, thank you very much.

The president of the Chicago Fed.

Several participants indicated that they would have supported a two-sided description of the committee's future interest rate decisions, reflecting the possibility that upward adjustments could be appropriate.