Steve Rattner Would Love to See Yellen Reappointed at Fed

The transcript discusses the potential for market surprises and the Federal Reserve's historical conditioning, particularly under Greenspan, which may lead to financial instability. It contrasts past and current Fed approaches, speculating on market reactions and the future of Chair Yellen. The discussion also covers potential changes in Fed leadership, considering the President's historical preference for lower interest rates and the Republican Party's inclination towards harder money.

What concerns are raised about the Federal Reserve's ability to predict market movements?

How does the current approach of the Federal Reserve differ from past approaches?

What factors contribute to the uncertainty surrounding Chair Yellen's future?

What are the implications of the President's historical stance on interest rates for future Federal Reserve appointments?

In what ways might the selection of a new Federal Reserve chair impact monetary policy?