Christie Says Fed Waited Too Long to Tighten

The speaker discusses the potential reappointment of Jay, noting no major faults but suggesting earlier action on tightening. Emphasizing the Federal Reserve's independence, the speaker acknowledges not being an economist and values experience. Evaluation of board members is based on performance, regardless of their background, aiming for competent individuals who contribute positively to the economy.

What is the speaker's opinion on Jay's performance regarding monetary policy?

• Jay's actions were too aggressive.

• Jay should have loosened monetary policy.

• Jay should have started tightening monetary policy sooner.

• Jay has done everything perfectly.

Why does the speaker emphasize the independence of the Federal Reserve?

• To reduce transparency in financial matters.

• To allow the government to control the economy.

• To maintain unbiased economic policies.

• To ensure political influence in decision-making.

What is the speaker's approach to evaluating current board members?

• Considering their past mistakes only.

• Evaluating them based on their political affiliations.

• Judging them solely on their educational background.

• Assessing each member individually based on their experience.

What is the primary criterion for judging members of the administration according to the speaker?

• Their political connections.

• Their performance and contributions to the economy.

• Their educational qualifications.

• Their popularity among the public.

What does the speaker prioritize when selecting individuals for the administration?

• Their ability to execute tasks effectively.

• Their previous job titles.

• Their geographical origin.

• Their age and experience.