He's eminently reasonable. He'll react to the situation, but he'll maintain a long-term focus on price stability.

When Ben steps down, we won't worry as much about the replacement, ... Greenspan never really left a playbook.

A year and a half ago it was pretty obvious how to forecast the path of the funds rate. Now, I think what happens is really going to depend on the new data that comes in.

In terms of his stature and experience, Kohn would be a natural person to turn to for the vice chairman's job.

He was an educator for most of his life. ... That's the way he approached being a Fed governor.

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.

They are very down-to-earth. His wife is a wonderful person. She'll keep him on an even keel.

As long as productivity growth maintains its recent pattern, then I think he'll be in a nice position to maintain price stability and robust growth.