Dartmouth's Levin Calls Yellen an Exceptional Leader

The video discusses the qualities of effective leadership, highlighting Janet Yellen's successful tenure as Federal Reserve Chair due to her common sense and ability to build consensus. It then delves into the institutional constraints of the Federal Reserve and the challenges of altering its policy direction. The structure of the Federal Reserve is explained, emphasizing the role of board members and the potential for change with upcoming appointments, while maintaining continuity is deemed crucial.

What role does the President play in the appointment of Federal Reserve Board members?

Explain the importance of maintaining continuity within the Federal Reserve as highlighted in the text.