A controversial excerpt from the EMA Q2 report criticizes the role of the Federal Reserve Chairmen, suggesting their primary task is to manage public perception of inflation while maintaining economic stability. The report describes the Chairmen as needing to be "intelligent, smooth and skilled liars," each with distinct styles. It characterizes past and present Chairmen with colorful descriptors: Greenspan as a "wizard maestro," Bernanke as an "academic genius," Yellen as a "benevolent grandmother," Powell as a "professional technocrat," and Warsh as a "handsome used car salesman."