Why Did Biden Pick Powell to Lead Fed?

The transcript discusses the private meetings held by the president with candidates for a key position, focusing on Governor Brainard and the political dynamics involved. It covers the confirmation process, including past bipartisan support and potential challenges. The discussion shifts to Chair Powell's tenure, highlighting his actions during the pandemic and the political scrutiny faced by the Biden administration. The transcript concludes with an analysis of the Fed's challenges, particularly regarding interest rates, inflation, and unemployment.

How has the perception of Chair Powell changed since 2018?

What are the potential implications of the Fed's decisions on inflation and unemployment?