New Fed to Be 'A Tad More Hawkish,' Says Eisenbeis

The transcript discusses the importance of having an economist as a complement to Jerome Powell in the Federal Reserve. It highlights the upcoming changes in the Fed's leadership and voting dynamics, especially with the departure of Chair Yellen and Bill Dudley. The new members, including John Williams, Loretta Mester, and Raphael Bostic, are introduced as experienced economists whose views align with current policies, though they may adopt a slightly more hawkish stance.

What qualities would make an economist a good seatmate to Jerome Powell?

What implications does the departure of Chair Yellen have for the Federal Reserve's governance?

How might the voting dynamics change with the new members of the FOMC?

What is the significance of the President of the Federal Reserve Bank of New York in the FOMC?

In what ways might the incoming members of the FOMC differ in their policy views compared to the previous members?