What Type of Fed Chairman Does President Trump Want?

The video discusses Mickey Leaving's contributions to the Federal Reserve and the concept of a shadow Fed. It explores President Trump's potential preferences for a new Fed chairman, focusing on economic growth and moderate inflation. The discussion includes potential candidates like Taylor and Hubbard, and their views on rules and conservatism. Broader issues such as the Fed's involvement in credit markets and holding MBS are also examined.

What does the term 'shadow Fed' refer to in the context of the discussion?

In what ways might the new Federal Reserve leaders approach the issue of inflation?