Yellen Understands Need for Fiscal Expansion, Mishkin Says

The video discusses fiscal policy and its significance, especially in the context of low interest rates. Janet Yellen's role and her understanding of fiscal expansion are highlighted, emphasizing the need for cooperation between the Federal Reserve and the Treasury. The transition from Wall Street to academic leadership in the Treasury is explored, with a focus on Yellen's extensive experience in policy-making. The video concludes with a discussion on addressing economic challenges during the coronavirus pandemic, underscoring Yellen's qualifications for the task.

In what ways can cooperation between the Federal Reserve and the Treasury be beneficial?

What are the key qualities needed for a competent Treasury Secretary?