Janice Eberly Emerges as Fed Vice Chair Frontrunner

The transcript discusses the potential appointment of Janice Eberly as the new Fed Vice Chair, succeeding Leo Brainard. Eberly, a former chief economist in the Obama administration and a professor at Northwestern University, is undergoing interviews with the administration. The White House is expected to make a decision soon. The discussion also touches on the economic debate regarding the Fed's dual mandate of controlling inflation and ensuring full employment, highlighting the importance of the Vice Chair's stance on these issues.

What does the text suggest about the debate surrounding the economic spectrum for the new Vice Chair?

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What are the key economic considerations that the new Vice Chair must address according to the text?

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