Markets are pretty confident of the outcome.
Monster Mash is all about pride. It does have some value for the color competition, but that is not what anyone is thinking about. Basically, it is seven people, volunteering to represent their company in something they know will leave them completely exhausted, but they are doing it for fun. Everyone is out there to represent their company and to prove that they are the best in the brigade.
We were pretty confident, because we knew we were ahead by a large margin. We didn't feel like there were a lot of teams capable of beating us.
What the Fed wants to do is to conduct monetary policy as independently as it can, and the way to do that is not to attract attention. That's why the Fed has so rarely changed interest rates -- raised or lowered them during the fall campaign.
Both have probably as their biggest accomplishment deficit reduction. Both re-appointed Alan Greenspan to the Fed, both pursued free trade through NAFTA and the GATT.
The hardest part was making it through every obstacle as a team. Being team captain, I really worked to motivate the team when we were out on the course. Everyone was going as hard as they could, but we all knew that if we wanted to win it was going to take our very best.
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