Will Jay Powell Tip Hand at Confirmation Hearing?

The transcript discusses potential questions Jerome Powell might face regarding the Federal Reserve's handling of $20 trillion in government debt. It critiques the Fed's cautious approach to economic policy and suggests that more aggressive debt reduction strategies could be beneficial, especially given the current low inflation environment.

What challenges does Jerome Powell face regarding the $20 trillion of government debt?

How has Jerome Powell's approach aligned with the majority at the Federal Reserve?

What does the speaker suggest about the need for new directions at the Federal Reserve?

What are the implications of the Federal Reserve being timid about backing off from easy money?

In what ways could selling off long-term debt at a faster pace affect inflation?