JPM's Kasman Questions What Trump Wants for Fed

The transcript discusses the uncertainty surrounding Donald Trump's choice for the next Federal Reserve chair, highlighting the lack of clarity in his preferences. It explores potential candidates like Janet Yellen, Randy Quarles, and Gary Cohn, noting the shift from traditional academic economists to business-oriented individuals. The discussion emphasizes the potential impact on monetary policy and the importance of committee dynamics at the Fed, particularly focusing on Gary Cohn's lack of experience in monetary policy.

What is one of the main uncertainties regarding Donald Trump's choice for the next Fed chair?

• The impact on international relations

• The potential for increased taxes

• The lack of clear communication about his preferences

• The possibility of a new trade agreement

Which candidate is mentioned as having no experience in monetary policy?

• Janet Yellen

• Randy Quarles

• Gary Cohn

• Alan Greenspan

What is a concern about the potential break in the line of Fed leadership?

• It could increase unemployment rates

• It may cause a stock market crash

• It could result in uncharted territory for monetary policy

• It might lead to higher inflation

What is emphasized about the Fed's structure in the final section?

• It is a one-man show

• It is a committee with experienced members

• It is influenced by international banks

• It relies solely on the chair's decisions

What is highlighted about Gary Cohn's professional background?

• He has experience in financial markets and management

• He is a trained economist

• He has a background in academia

• He has extensive experience in monetary policy