Warsh Can Do 'Really Good Job' as Fed Chair, Says Allison

The transcript discusses the possibility of a nomination to the Federal Reserve Board, considering the impact on policy and the political environment. It explores the potential for radical changes within the Fed and the influence of a new Fed chair, such as Kevin Wash. The conversation highlights the political nature of the Fed and the challenges of objective decision-making.

What factors would influence the speaker's decision to accept a nomination to the Federal Reserve Board?

• The salary offered for the position

• The potential to impact policy and the general direction of the membership

• The location of the Federal Reserve Board meetings

• The number of vacation days provided

What does the speaker believe is important for the Federal Reserve to achieve?

• Normalization of the Federal Reserve's operations

• Expansion of the Federal Reserve's powers

• Complete dissolution of the Federal Reserve

• Increased secrecy in Federal Reserve decisions

How does the speaker view the potential leadership of Kevin Wash at the Federal Reserve?

• As someone who would focus solely on international policies

• As someone who would reduce the Federal Reserve's influence

• As someone who would bring radical changes

• As someone who would maintain the status quo

What challenge does the speaker identify for someone trying to be objective in the Federal Reserve?

• The lack of financial resources

• The influence of international markets

• The political nature of the organization

• The complexity of economic theories

According to the speaker, what is a misconception about the Federal Reserve?

• That it is a new institution

• That it only focuses on domestic policies

• That it has unlimited financial resources

• That it is a non-political organization