What unusual events might impact the Federal Reserve's decisions in the future?
Dan Tarullo Previews Fed Under Powell
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The video discusses the challenges of maintaining a 2% core inflation target amidst unpredictable economic factors. It explores potential scenarios, including inflation remaining low, inflation rising due to growth, and unexpected economic events. The discussion highlights the need for a vice chair with expertise in monetary policy to support Jay Powell in navigating these scenarios.
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What characteristics should the ideal vice chair have to assist in navigating monetary policy challenges?
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