Fed's Rosengren Sees No Sudden Shifts by Next Fed Chair

The video discusses the influence of a new Federal Reserve Chair on monetary policy, emphasizing the role of the committee and staff in shaping policy changes. It also explores the President's influence through appointments, highlighting the importance of maintaining the Federal Reserve's independence from politics.

Discuss the role of staff in the Federal Reserve System and how it impacts policy changes.

What is the significance of having a Central Bank that is independent of politics?