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Higher For Longer | Robert Kaplan, Former Dallas Fed President & CEO
Forward Guidance
The Politics of Dissenting at the Fed
I come from the business world where you debate and you disagree. But once we make a decision together as a leadership team, I own it. Even if I didn't agree with it. And so I'm not a big fan of dissenting. My job as a leader is to convince my peers what we ought to do. If I lose the debate, then I've had my say and I go along with it. The culture of the Fed is a little bit more to fit in. This is why you saw the post mortem on the supervisory issue that happened. There maybe is an opportunity at the Fed to relook at the culture. The culture starts with leadership. You got to
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