Trump to Nominate Stephen Moore to Federal Reserve Board

The video discusses Stephen Moore's economic perspectives, highlighting his support for supply-side policies and tax cuts. It explores his potential influence on the Federal Reserve if confirmed, noting his likely advocacy for easy money policies. The discussion touches on modern monetary theory, fiscal sustainability, and the Fed's technocratic nature, emphasizing the institution's unity under Chairman Jay Powell despite political pressures.

What concerns are raised about modern monetary theory in the discussion?

What role does the Federal Reserve play in economic decision-making according to the text?