I don't want you to get the impression we strong-armed them. We just said it would not be a good career move.

These people make some pretty high dollars, and they're usually 50 to 55 years old. It's not easy to get a new job paying that kind of money.

I come away with a very strong impression that Roberts will be a much more classical judicial restraint justice than any of the current justices. He betrays no real policy agenda.

But at the current stage, I do not have the impression that there are strong political figures among the cabinet members who can impact upon events.

We talk to them about the impression they make on their professors, and how they should not go to their classes looking like slobs and sit in the back and fall asleep. They have to prepare themselves for what's next. None of them are going to be professional athletes, so they'd better be thinking about a bigger picture than where are we going tonight to have fun. Unfortunately, that overwhelms the thought process for a lot of them.

The economy is strong but not too strong. The right thing for the Fed to do is stay on track and raise rates 25 basis points. Any deviation from the measured pace is a mistake.