Chair Powell Is Weak on Regulation, Says Warren

The transcript discusses the Federal Reserve's dual role in monetary policy and regulation, focusing on Jay Powell's performance as chair. Concerns are raised about his regulatory approach, and Lael Brainard is considered a potential candidate for the chair position. The discussion highlights the concentration of power in the Fed chair and the importance of balancing monetary and regulatory responsibilities.

What dual roles does the Federal Reserve play according to the discussion?

• Fiscal policy and international trade

• Bank regulation and international trade

• Monetary policy and bank regulation

• Monetary policy and fiscal policy

What concern is raised about Chairman Powell's approach to regulation?

• He has focused only on small banks.

• He has ignored monetary policy.

• He has weakened regulations repeatedly.

• He has strengthened regulations excessively.

Who is mentioned as a potential candidate for balancing monetary policy and regulation?

• Ben Bernanke

• Janet Yellen

• Leo Brandard

• Jay Powell

What is the main issue with having a strong monetary policy leader and a strong regulation leader in separate roles?

• The Federal Reserve does not allow dual leadership.

• The roles are too similar to separate.

• The chair has concentrated power and makes key decisions.

• The vice chair has more power than the chair.

Why is the chairmanship of the Federal Reserve considered powerful?

• The chair can veto any decision.

• The chair has control over fiscal policy.

• The chair can appoint all board members.

• The chair decides policies and when to call votes.