WilmotML Says Powell Most Likely of Fed Candidates

The transcript discusses the potential candidates for the Federal Reserve Chair and their implications for the markets. It highlights the uncertainty surrounding the decision and the characteristics of candidates like Jerome Powell and Janet Yellen. The discussion also covers economic indicators such as unemployment and inflation, and how these factors might influence future Fed policies. The possibility of temporary price level targeting is mentioned as a response to undershooting inflation targets.

Which candidate is considered the closest fit for a dovish approach on rates and financial deregulation?

• John Taylor

• Kevin Wash

• Jerome Powell

• Janet Yellen

What is the primary expertise of Jay Powell that is highlighted as important?

• International Trade

• Banking

• Monetary Policy

• Fiscal Policy

What is the Fed's current stance on interest rates despite low inflation?

• Eliminate rates

• Maintain current rates

• Decrease rates

• Hike rates

What has been the Fed's inflation target performance over the past six years?

• Undershot the target

• No target set

• Overshot the target

• Met the target

What concept did ex-chairman Bernanke discuss in relation to inflation management?

• Deflationary measures

• Inflation rate capping

• Temporary price level targeting

• Permanent price level targeting