Fed Reserve Confirmation Hearing

The transcript discusses the role of the Federal Reserve in managing risks like climate change and cybersecurity, emphasizing that it does not dictate lending sectors. It highlights the qualifications of nominees like Professor Raskin, who has a strong regulatory background, and addresses concerns about their monetary policy experience. The text also explores the potential institutional challenges if key positions remain unfilled and underscores the importance of diverse skills in the Federal Reserve.

What is the primary responsibility of the Federal Reserve regarding the banking system?

What qualifications does Professor Raskin have that make her suitable for her role?

How does Professor Raskin aim to address the concerns of the Republican Party while ensuring responsible lending by banks?

What are the implications of not having a vice chair for supervision at the Federal Reserve?

What challenges does the Federal Reserve face in terms of supervision and regulation?

How does the Federal Reserve plan to address emerging risks such as climate change and cyber security?

In what ways do the qualifications of nominees for the Federal Reserve differ from traditional monetary policy specialists?