Is the Fed in Need of a Fix?

The video discusses the Federal Reserve's history, focusing on its mandate post-2007 financial crisis. It critiques Bill Dudley's leadership at the New York Fed, questioning the suitability of economists in such roles. The video highlights issues in bank supervision and the need for non-economist leadership. It also explores the qualities needed for Fed positions, emphasizing independence from Wall Street. Finally, it addresses the impact of regulation and public perception on banks and their employees.

What are the key issues discussed regarding the leadership of the Federal Reserve in New York?

What is the historical conflict mentioned regarding monetary policy and bank supervision?

How has the role of economists in the Federal Reserve changed over the years according to the discussion?

What are the consequences of having a Federal Reserve dominated by PhDs and economists?

What qualities should a candidate for the Federal Reserve Board of Governors possess?