you said you had confidence in ben bernanke do you have confident in pou snell. >> i do. he's done one thing that's terrific, which is not the strength of the fed before him he's reached out to the politicians to give him information that includes not just democrats but republicans as well. >> i think he has no dissents from the governors >> it's very different the bank president's always dissent. two reasons, one they like to get a lot of attention because this is what they do they're not quite the big part of the team. unless you are extremely -- i felt very strongly the fed was behind the curve >> what -- i talk to them and realize dissenting, not strongly, would be helpful to the federal reserve system it took ten days later, then he started to move quickly. you know, from that viewpoint how wrong was it to weight it. i think it was somewhat costly, because it happened after the stock marketcrashed. i have tremendous confidence in ben. and i think the committee has tremendous confidence in jay it's not the problem this communication is a serious issue for them they ne