Richard Clarida

I just do economics, but I talk to them.

And my sense from all the reporting, including by Bloomberg, is that the justices, both the more liberal and more conservative justices, seem skeptical of the White House argument that it had met the standard of a four-cause removal.

I think there's a very high likelihood that Lisa Cook will continue in this role throughout certainly much, if not all, of this year.

Legal scholars seem to think that one likely scenario is that the Supreme Court merely rules narrowly that she cannot be removed and bump it back down to the lower courts to finally

And indeed, many justices indicated that they thought that the process was a bit rushed, indicating they would have preferred it to work through the lower courts before reaching them for final judgment.

I'm confident in Federal Reserve independence.

That's clearly what Congress intended in terms of the way the Fed is set up.

And I've also said, including when I've done shows on Bloomberg, that I think an important factor that supports Fed independence is the financial markets and the bond market.

And in particular, politicians who want low interest rates

would not be getting low interest rates if the markets lost confidence in the Fed's inflation credibility.

So I am confident that Fed independence will continue and be robust.

He will be asked that.

I think he will have a crisp answer when he's asked it initially and I think he'll stick to that answer.

Probably not really wander too far away from what he said in that two minute video that was released a couple of weeks ago.

I don't expect him to belabor it.

I think he'll have a crisp answer and he'll try to move on would be my guess.