Will Jay Powell Tip Hand at Confirmation Hearing?

The transcript discusses potential questions Jerome Powell might face regarding the Federal Reserve's handling of $20 trillion in government debt. It critiques the Fed's cautious approach to economic policy and suggests that more aggressive debt reduction strategies could be beneficial, especially given the current low inflation environment.

What is one of the main issues Jerome Powell is expected to address regarding the Federal Reserve?

• The future of cryptocurrency

• The role of technology in banking

• The $20 trillion government debt

• The impact of climate change on the economy

How has Jerome Powell generally aligned himself within the Federal Reserve?

• He has gone along with the majority

• He has frequently changed his stance

• He has often opposed the majority

• He has been a vocal critic of the Fed

What does the speaker suggest the Federal Reserve needs?

• More international partnerships

• New directions and strategies

• Increased interest rates

• A focus on digital currencies

What is the Federal Reserve's current approach to its long-term debt?

• Increasing the debt

• Cautiously reducing it

• Maintaining the current level

• Aggressively selling off debt

What recent observation did Janet Yellen make about inflation?

• Inflation is unpredictable

• Inflation is stable

• Inflation is decreasing slightly

• Inflation is rapidly increasing