Confirms he will stay until Warsh is confirmed. Has no timeline but is confident the process will work.

Explains dissent was for 25bps because the Fed has already cut 75bps, moving closer to neutral, allowing for a slower pace. Also cites slightly better labor market data, though concerns remain.

Disagrees. Argues unemployment rate alone is insufficient; there is evidence of slack (longer job searches, weakness among youth/college grads, part-time work). On inflation, contends overage is due to measurement quirks: portfolio management fees (driven by stock prices) and backward-looking shelter data.

Acknowledges conversations about K-shaped patterns but focuses on aggregate targets. Says sectoral weakness can be a leading indicator for the overall economy.

Praises Warsh as a fantastic pick with credibility, gravitas, and respect. Declines to speculate on his specific policy views.

Believes he can, due to his prior experience and respect within the institution.

States Trump never asked him to take any specific policy action. Argues the right policy, justified by data, will validate the Fed's independence.

Declines to comment on fiscal policy as a Fed Governor and says he has no idea about his future role.

Supports shrinking the balance sheet but says regulatory reform is needed first. Argues the effect on long rates depends on the method (roll-off vs. sales). States that if not at the zero lower bound, short rates can be adjusted to offset balance sheet tightening.

Praises Powell's work during the pandemic but says he doesn't know what Powell will decide to do.