Yellen: I've Never Seen Politics Enter Fed Policy Debate

The transcript discusses Governor Brainard's contributions to Hillary Clinton's campaign while serving on the Fed board, raising questions about potential conflicts of interest. It examines whether Brainard should recuse herself from voting at the FOMC due to her political involvement, referencing the Hatch Act. The conversation also touches on media reports about Brainard's potential job with the Clinton administration and debates whether such actions constitute a conflict of interest. The discussion concludes without a definitive answer, highlighting the complexity of political and ethical considerations in such scenarios.

What was Governor Brainard's role during the Hillary Clinton campaign?

• She was a policy advisor.

• She was a campaign manager.

• She was a media spokesperson.

• She contributed the maximum amount to the campaign.

What does the Hatch Act restrict?

• Political contributions by federal employees.

• Political campaigning by federal employees.

• Voting rights of federal employees.

• Employment opportunities for federal employees.

Has Governor Brainard ever offered to recuse herself from voting at the FOMC due to her political contributions?

• Yes, but only once.

• No, but she was asked to.

• Yes, she has offered multiple times.

• No, she has never offered.

What is the main concern regarding Governor Brainard's potential contact with the Clinton administration?

• Her political affiliations.

• Her potential conflict of interest.

• Her financial contributions.

• Her ability to manage the Fed board.

What would be considered a conflict of interest for a sitting governor according to the discussion?

• Voting in elections.

• Attending political rallies.

• Negotiating for a future job with a political campaign.

• Making political contributions.