Life is full and overflowing with the new. But it is necessary to empty out the old to make room for the new to enter.
The Fed chairmanship is not the kind of job where you want to surprise everyone with your choice of a total unknown. You don't want to surprise Wall Street.
Like a plant that starts up in showers and sunshine and does not know which has best helped it to grow, it is difficult to say whether the hard things or the pleasant things did me the most good.

