Kroszner Says Gradualist Approach Natural for Powell

The transcript discusses Jay Powell's approach as the new Fed Chair, comparing him to Janet Yellen. It covers potential economic challenges, Powell's crisis management skills, and the Fed's balance sheet strategy. The transcript also includes breaking news on UOB's earnings and discusses vacancies on the Board of Governors, highlighting Powell's leadership challenges.

Discuss the implications of the Federal Reserve's decision to raise interest rates during an economic boom.

What role does consensus building play in the effectiveness of a Federal Reserve chair?

How might the Federal Reserve's balance sheet management differ under Jay Powell compared to Janet Yellen?