Goolsbee on Powell's Renomination

The video discusses the reappointment of Jay Powell as Fed Chair, emphasizing continuity in leadership. It explores regulatory expectations, Senate dynamics, and the influence of key figures like Joe Manchin. The challenges of Fed nominations due to political dynamics are highlighted, along with the impact of these delays on the Fed's credibility and operations. The discussion concludes with an analysis of the Build Back Better plan and its potential effects on inflation.

What are the challenges faced by the Biden administration in getting nominees confirmed?

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How does the current political climate affect the Federal Reserve's credibility?

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What are the expected impacts of the Build Back Better plan on inflation according to the discussion?

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