Trump Says He’ll Nominate Shelton, Waller to Fed Board

The video discusses the challenges faced by President Trump's Federal Reserve nominees, Herman Cain and Stephen Moore, due to their legal and cultural baggage. It highlights the more mainstream and less controversial nominations of Christopher Waller and Judy Shelton. The video also explains the key figures in the Federal Reserve's decision-making process, emphasizing the influence of five core individuals. Additionally, it covers Christine Lagarde's nomination to the ECB, noting her dovish and pragmatic approach to monetary policy, similar to that of Mario Draghi.

What was the main reason for the failure of President Trump's previous nominees, Herman Cain and Stephen Moore?

• Financial issues

• Opposition from the Senate

• Legal and cultural baggage

• Lack of experience

Who among the following is NOT one of the five key individuals in the Federal Reserve's decision-making process?

• The Secretary of the Treasury

• The head of the New York Fed

• The chair

• The vice chair

What is the role of Thomas Lower Back in the Federal Reserve?

• Vice chair of the Federal Reserve

• Head of the New York Fed

• Runs the monetary affairs barony

• Chair of the Federal Reserve

What is Christine Lagarde's expected approach to monetary policy as the ECB President?

• Hawkish and aggressive

• Dovish and pragmatic

• Neutral and indecisive

• Strict and conservative

How does Christine Lagarde's policy outlook compare to that of Mario Draghi?

• Completely opposite

• Slightly more aggressive

• Significantly different

• Broadly similar