Zentner Says Fed Ignored 'Hurricane Noise'

The video discusses the impact of hurricanes on GDP growth, highlighting that while there is a temporary slowdown, positive activity often follows. The FOMC statement is analyzed, noting that the market expects a rate hike in December despite hurricane effects. The discussion shifts to the potential regime change with Yellen's successor and how they might influence monetary policy. The video concludes with speculation on future policy directions, emphasizing the importance of maintaining a gradual path for rate changes.

What are the implications of a regime change in the context of the Federal Reserve?

How might a new Federal Reserve chair influence monetary policy according to the text?