Tom Barkin

And so, I don't think we're highly restrictive.

If you were highly restrictive, you'd see a lot more impact on demand, which has stayed very healthy.

I was reflecting.

It was four years ago that we first started increasing interest rates in March of 22.

And

If you had predicted then that we would have demand growth of the sort we've had over the last four years, you would have been a severe outlier.

Well, it'll be a new experience for me, too, since Jay was in the building when I started eight years ago.

I mean, I like and respect Kevin, and I trust he'll do a good job, and I'm looking forward to working with him.

You have a lot of smart, opinionated people in the room, and so you'll want to work with those folks.

I think there's also a lot of respect for the chair and what the chair does to take a lot of the visible noise that happens from markets and the press and others.

And so...

I look forward to working with him.

We'll see where we go.

I mean, instinctively, I like the idea of the Fed having a smaller footprint in financial markets.

I think subject to us still being able to operate monetary policy and control rates well and subject to not having severe adverse reactions in the markets.

But instinctively, it's an attractive idea to me if we can find a way to make it work in the context of the rest of what we're trying to do.

Well, that would give me some more time, so I'd be happy with that.

No, what I try to do in my outreach is very, very district oriented.

And so I was in Martinsburg, West Virginia yesterday.

I was in D.C.