Rivlin Says Challenges for Powell Will Be Regulatory

The transcript discusses the transition in leadership at the Federal Reserve, highlighting the qualifications and expected challenges for Jay Powell as the new chair. It emphasizes the importance of regulatory issues over monetary policy and predicts that inflation will remain low. The discussion also covers potential responses to economic downturns, such as quantitative easing.

Who does the speaker express admiration for in the context of economic leadership?

• Timothy Geithner and Hank Paulson

• Alan Greenspan and Paul Volcker

• Jay Powell and Donald Trump

• Janet Yellen and Ben Bernanke

What is considered the main challenge for Jay Powell according to the speaker?

• Monetary policy adjustments

• Tax reforms

• International trade agreements

• Regulatory issues

What aspect of Dodd-Frank does the speaker believe should be protected?

• Its impact on large corporations

• Its role in stabilizing markets

• Its influence on international trade

• Its effect on consumer spending

What does the speaker suggest is unlikely to happen in the near future?

• Runaway inflation

• A stock market crash

• A housing market boom

• A significant increase in unemployment

What action might be taken if there is a downturn in the economy?

• Increase short-term interest rates

• Implement new tax cuts

• Reduce government spending

• Return to quantitative easing