What a New Fed Chair Could Mean for Monetary Policy

The transcript discusses the selection of the next Federal Reserve Chair, focusing on potential candidates and the implications of their policies on the balance sheet and interest rates. It highlights the market's reaction to current Fed policies and the potential for changes under new leadership. The discussion also covers Janet Yellen's achievements, the economic fundamentals of the U.S., and the outlook for 2018, emphasizing full employment and market highs.

What are the potential implications of having a complex economist as the head of the Federal Reserve?

How might a new Fed chair influence the balance sheet and interest rates?

Discuss the significance of the unemployment rate being close to full employment.

What are the potential risks and benefits of maintaining a low inflation environment?

What factors contribute to the current state of the labor market in the United States?