Eswar Prasad on a Fed in Trump's Image

The video discusses the leadership transition at the Federal Reserve, focusing on Jerome Powell as a candidate for continuity in monetary policy. It questions why Janet Yellen is not being reappointed despite her performance. The discussion also touches on the political influence of Trump's administration on Fed appointments, contrasting tradition with the desire for change. The importance of appointing a credible leader capable of handling future financial challenges is emphasized, highlighting the potential impact on both domestic and international markets.

In what ways might the new Fed chair need to demonstrate credibility in difficult financial times?

What implications could Trump's appointment of a new Fed chair have on the credibility of the Fed?