I think it's pretty much a continuation of what we've seen but probably a slightly different style.

I couldn't think of a better appointment.

Obviously, this is a different role to what he had in the past, but when he was (a central bank governor) he was quite outspoken and gave a number of speeches pushing a particular view, which I thought was always well informed.

He's a very well trained economist like Greenspan...so I don't think there will be a problem with the transition.

I'm just relieved they didn't nominate someone from Wall Street or someone who was more an internal appointment to the Republican Party. They've appointed someone who is very well qualified for the job.