Bill Dudley on Bessent's Debt Challenge, 'Shadow' Fed

The transcript discusses the challenges of managing the fiscal deficit, the role of the Treasury, and the potential impact of President-elect Trump's policies on the economy. It highlights the Federal Reserve's approach to economic forecasting, particularly in light of potential tariff increases and their inflationary effects. The discussion also covers the implications of monetary policy and the controversial idea of appointing a shadow chair at the Fed.

How does the discussion characterize the relationship between tariffs and economic growth?

What is the significance of the Fed's data dependency in relation to future monetary policy?

What are the potential consequences of having a shadow chair in the Federal Reserve?