Rob Armstrong

It's exciting.

And I think it's important to note that this will be the rare occasion where we see each other in person and a massive hangover does not ensue.

I think we can grow and change.

And this is...

And this was one of the big questions coming in.

Warsh has said in the past, he basically wants the Fed to communicate less.

He wants to go back to the Federal Reserve tradition of Alan Greenspan, where there's not a lot of talking.

Not a lot of sort of thinking out loud by either the chair or the other members of the open market committee.

And the markets are kind of left to figure things out.

And, you know, one of the questions going in was like, what is the statement going to look like?

And then the statement lands at two o'clock yesterday afternoon and it's half the length, like you say.

Now, I don't think that is actually a particularly substantive change.

In the sense of like, oh, we got all this information before we didn't get a lot of kind of empty verbiage was taken out.

And a lot of this kind of coded talk about the future, which they call forward guidance, was taken out.

I'm actually fine with all that stuff going.

I've spent five years writing about this stuff several times a year, and I'm not totally sure all that time wasn't wasted.

We can have a shorter statement.

We can have less forward guidance.

That is totally fine.

But just reading that statement says, okay, new regime.