We are similar in that our aims are to keep the economy on a high-growth path with price stability and increasingly, financial stability. However, the difference between him and me will be the specific circumstances that we encounter when we try to deal with that mandate.
Probably, the central bank will have to be able to choose a longer journey back to its target: it will have to accept more disinflation – and for longer – during the transition than it would tolerate in different balance sheet conditions.