The culture of the chairmanship is to be the dominant voice in the Fed. If you have a weak chairman... the markets could be very unsettled.
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“No man has the right to dictate what other men should perceive, create or produce, but all should be encouraged to reveal themselves, their perceptions and emotions, and to build confidence in the creative spirit.”
“Age should not have its face lifted, but it should rather teach the world to admire wrinkles as the etchings of experience and the firm line of character.”