Powell Is Confirmed as Fed Chair

The video discusses the confirmation of Jay Powell as the new Chair of the US Federal Reserve, highlighting his approach to monetary policy and the leadership changes within the Fed. It also covers Marvin Goodfriend's confirmation hearing and the challenges he faced. The focus then shifts to the Bank of Japan, where Governor Croda emphasizes the need for continued monetary easing and the implications of bond purchases. The video concludes with an analysis of Japan's economic indicators, including trade numbers and the Nikkei Japan manufacturing index.

Who has been confirmed as the chair of the Federal Reserve?

What challenges did Marvin Goodfriend face during his confirmation hearing?

What is the inflation target that the Federal Reserve aims to achieve?

What is the significance of wage growth for Japan's economy according to the text?

What are the expectations regarding Japan's trade numbers and their importance to the BOJ?