Sen. Tillis Sees No Path Forward for Raskin Nomination

The transcript features a discussion with Senator Thom Tillis about the nomination of Sarah Bloom Raskin for the Federal Reserve. Senator Tillis expresses his support for Chair Powell and Mr. Jefferson but not for Raskin, citing the need for a consensus-driven Federal Reserve. The conversation also covers the voting dynamics in the Senate and the importance of full staffing at the Federal Reserve to address inflation and monetary policy challenges.

What is the significance of having a consensus-driven organization in the context of the Federal Reserve?

Why is full staffing on the Fed considered important at this time?