Trump Said to Pick Quarles, Goodfriend for Fed: NYT

The video discusses President Trump's potential appointments of Randy Quarles and Marvin Goodfriend to the Federal Reserve, aiming to introduce conservative perspectives against Janet Yellen's policies. Quarles' background in the Treasury and Goodfriend's academic and policy experience are highlighted. The discussion covers economic indicators like wage growth and interest rates, noting Trump's inconsistent stance on these issues. The potential impact of these appointments on monetary policy and regulation is explored, with a focus on the shift towards rule-based approaches.

What is the primary reason President Trump is considering appointing Randy Quarles and Marvin Goodfriend?

• To maintain the current monetary policy

• To introduce conservative counterweights to Janet Yellen

• To reduce the power of the Federal Reserve

• To increase the influence of the Democratic Party

What role did Randy Quarles previously hold in the government?

• Worked in the Treasury Department

• Head of the Federal Reserve

• Secretary of State

• Vice President

What is Marvin Goodfriend's stance on interest rates?

• He has no opinion on interest rates

• He advocates for higher rates

• He thinks they should remain unchanged

• He believes they should be lowered

Which rule does Marvin Goodfriend support for setting interest rates?

• The Taylor rule

• The Keynesian rule

• The Friedman rule

• The Fisher rule

What is a significant concern regarding the potential appointments of Quarles and Goodfriend?

• Whether they will increase taxes

• If they will abolish the Federal Reserve

• How quickly they might raise interest rates

• Whether they will lower interest rates