Frederic Mishkin

Frederic Mishkin

Joshua Roberts/Bloomberg

In January 2008, in the midst of the housing crisis, then-Governor Frederic Mishkin said he had just bought a home, even as home-price declines were forecast to worsen. “As somebody who stupidly is just going to contract on a new house because I have to please my wife, I actually thought exactly along these lines and was thinking about pulling out but then decided that my marriage was more important,” Mishkin said.