Yellen: I've Never Seen Politics Enter Fed Policy Debate

The transcript discusses Governor Brainard's contributions to Hillary Clinton's campaign while serving on the Fed board, raising questions about potential conflicts of interest. It examines whether Brainard should recuse herself from voting at the FOMC due to her political involvement, referencing the Hatch Act. The conversation also touches on media reports about Brainard's potential job with the Clinton administration and debates whether such actions constitute a conflict of interest. The discussion concludes without a definitive answer, highlighting the complexity of political and ethical considerations in such scenarios.

To your knowledge, has Governor Brainard been in contact with the Clinton administration regarding a potential job?

What is your opinion on whether Governor Brainard should be asked to recuse herself from her duties?