When Ben steps down, we won't worry as much about the replacement. Greenspan never really left a playbook.
When Ben steps down, we won't worry as much about the replacement, ... Greenspan never really left a playbook.
Ben is going to unlock a lot of mystery. He's going to explain what he's doing and give an underlying rationale for it. The Fed will become less mysterious, and I think people will like that.
Ben was a very good squash player; I gave up trying to be competitive with him. My competitive advantage with him was more in basketball because I'm three or four inches taller. But even there he was pretty tenacious.