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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“I mean, making simulations of what you're going to build is tremendously useful if you can get feedback from them that will tell you where you've gone wrong and what you can do about it.”
“Sometime in the future - 25, 50, 75 years hence - what will the situation be like then? By that time the Chinese will have the capability of delivery too.”