Richard Clarida

And I think that he is going to achieve that.

Can I also say, it must be opening day because Mr. Keene's wearing a, tomorrow probably.

And Mr. Sweeney, of course, my God, where's the Duke?

Are you going to the game?

Well, I'm a loyal alum of the University of Illinois, and I picked them.

At least on that part of the bracket, I'm doing pretty well.

Although, I've got to tell you, what is this playing a tournament game on a home court for the number two seed?

I think so.

I don't teach freshmen anymore, but... Would you let AI in the class?

Well...

Well, that'll be his decision.

I enjoyed my four years, that's for sure.

But there are a lot of good people at the Fed, and I think that's a decision he'll make.

He's got a very good vice chair right now at Phil Jefferson.

But at some point, there will be a vice chair.

vacancy is that something that the committee when he goes in front of these tough guys in the hill they can demand he have a vice chair of the academic skills well it's not clear that that's what would be on their wish list but possibility I suppose I mean they could request that certainly

Well, you know, this is one of those things where this is very, what they call in DC, very big tent language.

It means different things to different people.

The one accord that we do know about

which is the one that was struck in 1951 between the Treasury and the Fed, was a signal moment in Fed independence because it got the Fed out of the business of essentially capping Treasury yields.