Nick Timiraos(@NickTimiraos):Don Kohn, who tutored Alan Greenspan in the inner-workings of the Fed and served for the chairman's entire tenure as either a senior adviser or fellow rate-setter, reflects: "Once when he asked me what I thought we should be doing on policy, I started my response with, 'My gut tells me…' He quickly cut me off: 'That’s not your gut, Don, that’s your experience and knowledge.'"

Nick Timiraos

@NickTimiraos

Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”

Joined July 2009

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Nick Timiraos@NickTimiraos

2026.06.22 17:12

Don Kohn, who tutored Alan Greenspan in the inner-workings of the Fed and served for the chairman's entire tenure as either a senior adviser or fellow rate-setter, reflects: "Once when he asked me what I thought we should be doing on policy, I started my response with, 'My gut tells me…' He quickly cut me off: 'That’s not your gut, Don, that’s your experience and knowledge.'"