Blinder Says Brainard Fits 'Perfectly' as Fed Vice Chair

The transcript discusses the dynamics between a chairman and vice chairman at the Federal Reserve, focusing on the relationship between Chair Powell and Vice Chair Brainerd. It highlights the continuity in monetary policy and potential regulatory disagreements. The role of the Federal Reserve in managing national debt is examined, along with a discussion on tapering and its implications for monetary policy.

What is the main focus of the relationship between Chair Powell and Vice Chair Brainerd?

• Conflict in monetary policy

• Collegial battles

• Discontinuity in fiscal policy

• Lack of conflict in monetary policy

In which area might Chair Powell and Vice Chair Brainerd have disagreements?

• Public speaking

• International relations

• Monetary policy

• Regulatory matters

What historical relationship is compared to the current dynamics between Powell and Brainerd?

• Volcker and Greenspan

• Greenspan and the narrator

• Bernanke and Yellen

• Powell and Yellen

What does the Federal Reserve's tapering strategy involve?

• Easing off the gas pedal

• Increasing interest rates

• Stopping debt issuance

• Withdrawing support completely

What is the Federal Reserve's role in handling newly issued debt?

• Increasing federal taxes

• Issuing new currency

• Buying newly issued debt

• Reducing government spending