and this is a moment when we can look, i think just briefly adam posen, at his record. what has he accomplished. has he accomplished what he set out to accomplish? >> i think chairman bernanke did an incredible job. there were a couple of errors. i think the mishandling of the taper announcement last may. certainly his role in the excessive deregulation, loose up supervision in the early 2,000 but everything else was great. they reacted to the panic in 2008/2009. they got international agreement on loosening policy. he increased the transparency of the fed. he creatively came up with new methods when they couldn't cut interest rates below 0. and he has spobly hoo tucked to the american people, i think he has done great. >> woodruff: john taylor, how would you size up ben bernanke at this point? >> i think the actions taken during the panic in september, october 2008 were good. classic central banking, lender of last resort providing liquidity am but if you look before and after that, i think you have to ask questions. overo after person bernanke joined the federal reser