Nuveen's Doll Sees Business as Usual at Fed Under Powell

The transcript discusses the impact of vacancies in the Federal Open Market Committee (FOMC) and the potential for market volatility. It highlights the importance of Fed appointments and their influence on market stability, noting that many appointments are mainstream and respected figures. The discussion also covers how Fed policy is driven by forecasts and economic conditions, with recent appointments being seen as reassuring to the markets. Overall, the transcript emphasizes continuity and stability in Fed operations despite vacancies.

What role do the bank presidents play in the Federal Reserve's decision-making process?

Discuss the implications of appointing mainstream candidates to the Federal Reserve Board.