The Fed missed its mark and we are still dealing with the legacy of the policy errors in 2021 and 2022. That means a regime change in the conduct of policy. I think that means a different new inflation framework presents want lower rates.But Fed independence up to the Fed's independence has to be earned, and it's earned by delivering on the promises, the commitments that the Fed has made. The President never asked me to predetermine, commit, fix, decide on any interest rate decision. No, I'm honored the pre ...