Core Viewpoint - The work of Bostick is well-regarded by the "shadow Fed chairman" Walsh, emphasizing the importance of leadership structure in the Federal Reserve and Treasury [1] Group 1 - If the Federal Reserve and Treasury were led by a single individual, agreements would be easier to reach [1] - However, having the same person lead both institutions would undermine credibility [1] - The Federal Reserve must cease defending its mistakes [1]

Core Viewpoint - The U.S. Treasury Secretary, Janet Yellen, emphasizes the importance of the Treasury's ongoing work while acknowledging the need to support the Federal Reserve when necessary [1] Group 1 - The Treasury Department has significant responsibilities that require attention and focus [1] - Yellen indicates a willingness to assist the Federal Reserve in its operations as needed [1]