Dan Tarullo Previews Fed Under Powell

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.

What unusual events might impact the Federal Reserve's decisions in the future?

What characteristics should the ideal vice chair have to assist in navigating monetary policy challenges?