Powell Is Eager to be Joined by More Federal Reserve Governors

The transcript discusses the impact of vacancies on the Federal Reserve's Board of Governors and emphasizes the need for diverse experiences in monetary and regulatory policy discussions. It highlights the importance of having a mix of academic and non-academic perspectives to enhance decision-making and discussions within the Federal Reserve System.

What types of backgrounds and experiences does the speaker believe are necessary for effective governance at the Federal Reserve?

In what ways can diverse perspectives improve decision-making within the Federal Reserve?