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“There is no trick to enable the Fed to induce the private sector to want to borrow, ... That's why the burden now switches to fiscal policy.”
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“I look upon that job as a holding operation, ... I don't think Taylor would be happy to spend four years as the No. 3 person in the Treasury Department.”
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“I believe history will judge him as one of the strongest and most constructive of the Fed chairs,”
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“The fixed terms are there for a purpose, and that is to protect the independence of the appointee, ... I don't think they ought to change the law.”
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“I don't think the jobs report will change the Fed's plan, which had been set forth rather clearly following its June [policy] meeting,”
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