Trump Said to Pick Quarles, Goodfriend for Fed: NYT

The video discusses President Trump's potential appointments of Randy Quarles and Marvin Goodfriend to the Federal Reserve, aiming to introduce conservative perspectives against Janet Yellen's policies. Quarles' background in the Treasury and Goodfriend's academic and policy experience are highlighted. The discussion covers economic indicators like wage growth and interest rates, noting Trump's inconsistent stance on these issues. The potential impact of these appointments on monetary policy and regulation is explored, with a focus on the shift towards rule-based approaches.

What is the Taylor rule and how does it relate to Marvin Goodfriend's views on interest rates?

What uncertainty exists regarding the appointment of new members to the Federal Reserve?