Mark Zandi Chairman Quotations

I think the new chairman will be more aggressive in tightening policy, at least early on in his term, just to establish his inflation-fighting credentials.

The new chairman will want to show his inflation-fighting mettle. Early on, Chairman Greenspan was on the aggressive side to establish his credentials.

The Fed chair doesn't matter a lot to the average person in normal times. He matters an awful lot when things aren't going well -- when the financial markets freeze, or there's a 9/11 or Y2K or Iraq war. When people lose confidence, the Fed chairman is vital to restoring confidence and ensuring functioning financial markets and economy.