Why Not Pair Powell, Brainard as a Federal Reserve Team?

The transcript discusses the political nature of Federal Reserve appointments, highlighting the roles of Powell and Brainerd. It compares their backgrounds and explores their potential impact on Fed policy, particularly regarding inflation targets and employment mandates.

Discuss the potential shift in Fed policy regarding inflation targets as mentioned in the conversation.

In what ways do you think the current Fed differs from the Fed of a few years ago?