Fed Chair Yellen Said to Impress Trump in Interview

The transcript discusses the influence of recency bias on Donald Trump's decision-making, particularly regarding the Federal Reserve nomination. It explores the potential candidates, Jay Powell and John Taylor, and their regulatory stances. Janet Yellen's position as a low-interest-rate candidate is also considered, with political pressures influencing Trump's decision. The discussion highlights the complexities and political games surrounding the Fed leadership choice.

What are the contrasting views on regulation between John Taylor and Janet Yellen?

Discuss the implications of having a 'dovish' candidate for the Federal Reserve.