Kimmitt: Quarles Is an Outstanding Fed Chair Nominee

The transcript discusses the qualifications of a candidate for the Federal Reserve, highlighting their strong background in both international and domestic finance. It also speculates on Janet Yellen's future as Fed chair and the ideological considerations in selecting her successor. The discussion emphasizes the importance of substance and stature in central bank leadership, drawing parallels with successful international figures who have held similar roles.

What are the two main qualities highlighted for the Federal Reserve candidate?

• Innovation and creativity

• Substance and stature

• Experience and charisma

• Education and networking

What was the candidate's role during the Bush administration?

• Executive Director of the International Monetary Fund for the US

• Chairman of the Federal Reserve

• Secretary of State

• Vice President of the World Bank

Why is the candidate's experience in international finance significant?

• It highlights his ability to negotiate trade deals

• It indicates an understanding of the global regulatory environment

• It shows he can work with foreign banks

• It proves he can manage domestic banks

What is a key consideration in choosing a new Federal Reserve chair according to the discussion?

• Their political affiliations

• Their stance on monetary policy

• Their experience in the private sector

• Their ability to manage a large team

Which of the following is NOT mentioned as a successful central bank governor?

• Mario Draghi

• Mark Carney

• Haruka Carota

• Ben Bernanke