Biden Lining Up Fed Picks

The video discusses the appointment of Lisa Cook and Philip Jefferson to the board, highlighting the significance of Cook being the first black woman in this role. It emphasizes the push for diversity and the challenges these new policymakers face, including criticism of the Fed's leniency and the current economic climate marked by rising inflation. The video also notes signals from Fed officials about upcoming interest rate hikes.

Who is the first black woman to join the Federal Reserve Board?

• Sarah Bloom Raskin

• Lael Brainard

• Lisa Cook

• Janet Yellen

What criticism has been directed at Federal Reserve officials?

• Ignoring inflation rates

• Being too lenient on the banking system

• Being too strict on the banking system

• Focusing too much on diversity

What economic challenge is highlighted in the transcript?

• Rising inflation rates

• Decreasing interest rates

• Declining unemployment rates

• Stable economic growth

When are interest rates expected to rise according to the transcript?

• January

• February

• March

• April

From which side of the political spectrum are the new appointees coming?

• Libertarian

• Progressive

• Moderate

• Conservative