Rob Armstrong

I have the following policy proposal for the Fed that at any chair's last meeting, they should play kind of sappy end of the movie love and reconciliation music in the background.

Beautiful.

Do you know what I mean?

So it's like the it's all okay after all montage at the end of the movie.

I think that's really going to change the mood.

Yeah.

This is one of those rare meetings, on a more serious note, where we know what the first question for Chair Powell is going to be.

Are you going to leave the Fed altogether when your term is up?

Because he was saying, I'm going to stay.

Hmm.

I will no longer be chair, but I will remain a member of the committee until this investigation, at least until this investigation of the Fed for fiddling around with its building budget or whatever nonsense justification there was for this investigation is resolved.

Well, it looks like that's resolved now.

Mm-hmm.

But it looks like the investigation is over.

And so will Powell go now?

Because that changes the outlook if he stays, right?

And so that is going to be the first question.

I don't know what he's going to answer, but that bit will be exciting of the meetings.

I strongly agree with you that we do not know what he is going to do when he gets the job.

We just don't.