White House Said to Consider John Williams for Fed Vice Chair

The video discusses the backgrounds and potential contributions of three economists: Mohammed Al Arian, Larry Lindsey, and John Williams, focusing on their monetary policy views and political influences. John Williams' long-term strategy for the Fed, including inflation targeting, is highlighted. The video also touches on Jay Powell's reputation among Fed staff and the current concerns of the Fed regarding asset prices and rate hikes.

Which economist is known for bringing a Wall Street perspective to the Fed?

• Larry Lindsey

• Mohammed Al Arian

• John Williams

• Ben Bernanke

What is John Williams' stance on the Fed's inflation target?

• He advocates for a higher inflation target.

• He suggests eliminating the inflation target.

• He proposes letting the economy run hot for a while.

• He supports maintaining the 2% target.

Why is John Williams considered a valuable bridge to the Fed staff?

• He has a strong political background.

• He is a trained economist with extensive Fed experience.

• He is known for his Wall Street connections.

• He has a reputation for being dovish.

What is the Fed's primary concern regarding asset prices?

• They are too low.

• They are too high, particularly in the stock market.

• They are not influenced by monetary policy.

• They are too volatile.

What is the purpose of raising the Fed funds rate according to the discussion?

• To prepare for future economic downturns.

• To decrease inflation.

• To increase asset prices.

• To reduce government debt.