line of defense should be the more targeted tools including revelatory tools and some extent macro prudential tools for emerging markets use. >> as tempted as it may be to end with your view of the national debt, in line with what john asked you about your future, given the unprecedented nature of fed policy on our watch in the uncertainty of the exit strategy, to what extent do you feel personally responsible to be at the helm when those decisions are made and how does it affect your future and at the press conference you are asked if he spoke with the president about your future and you said you hadn't at that time, can you tell us at least if you had that conversation? >> have spoken to the president a bit, but i don't really have any information for you at this juncture. i don't think i'm the only person in the world who can manage the exit. in fact, one of the things i hope to accomplish and was not entirely successful of that as governor or chairman of the federal reserve was to try to depersonalize to some extent monetary policy and to get broader recognition for the fact that this is

to be the more targeted tools that we have, including regulatory tools, and to some extent, macro prudential tools, like some emerging markets use. >> thank you, mr. chairman. as intense as i might want to end on the n.c.a.a. picks, in light of what john asked, given the unprecedented nature of fed policy and the uncertainty around the equity strategy, how much do feel personally responsible to be at the helm when the decisions are made? how does that affect your future? at the last press conference, you said you had spoken to them -- you said you had not spoken to the president about your future. can you tell us whether or not you had that conversation? >> i have spoken to the president a bit, but i do not have any information for you at this juncture. i do not think that i am the only person in the world who manage the exit. in fact, one of the things i hope to accomplish, and was not entirely successful at, as a governor, or chairman of the federal reserve, was to try to de-personalize monetary policy and raise recognition of the fact that this is a distinguished institution. we have a do

and if you've seen by lawyers in the commission and i think they are right, it's a kind of macro prudential measure because in good times, banksers take a huge bonus. in that time, the taxpayers have to bail out the banks. so i think there will be internet case for capping bank bon bonuses. >> thanks for that. >>> moving on now to australia where the central bank has kept its main cash rate hit a record low of 3% today. are the low rates giving consumers confidence to open their purses? >> as expected, the reserve bank of australia left things unchanged at 3% and kept its easing bias in place. kwlen stevens pointed to signs on of stabilization and in the u.s. and said it was pruitt to hold lakety. we saw it just there. that's the biggest increase in seven months which essentially shows confidence is improving. on the easing bus, it was all about inflation. saying the noninflation outlook would have forced scope to ease further if there is an aging in demand. analysts are looking for a further cut in rates later on this year. we've got gdp numbers out tomorrow, the consensus sitting at 2% in

to be the more targeted tools that we have, including regulatory tools, and to some extent, macro prudentialtools, like some emerging markets use. >> thank you, mr. chairman. as intense as i might want to end on the n.c.a.a. picks, in light of what john asked, given the unprecedented nature of fed policy and the uncertainty around the equity strategy, how much do feel personally responsible to be at the helm when the decisions are made? how does that affect your future? at the last press conference, you said you had spoken to them you said you had not spoken to the president about your future. can you tell us whether or not you had that conversation? >> i have spoken to the president a bit, but i do not have any information for you at this juncture. i do not think that i am the only person in the world who can manage the exit. in fact, one of the things i hope to accomplish, and was not entirely successful at, as a governor, or chairman of the federal reserve, was to try to de-personalize monetary policy and raise recognition of the fact that this is a distinguished institution. we have a do