Yep - disgraceful. I'm sure in years to come he will look back...

Yep - disgraceful. I'm sure in years to come he will look back at that moment and shudder with disbelief like so many market watchers are today. The Chair's "rabbit in the headlights" market releases on Friday were also stunning and unprecedented.

His resignation is the most appropriate action given total lack of comprehension of the issues of the day.