Biden Keeps Powell as Fed Chief, Brainard to Vice Chair

The transcript discusses the re-nomination of Chairman Powell and the nomination of Governor Brainard as Fed vice chair. It covers market reactions, challenges in monetary policy, and the Fed's dual mandate of managing inflation and unemployment. The discussion also touches on bond market movements, tapering strategies, and the economic outlook for consumers.

What challenges does Chairman Powell face in his potential second term?

What does the term 'dual mandate' refer to in the context of the Federal Reserve?

What is the general consensus on Wall Street regarding inflation and unemployment?