Trump, Mnuchin Said to Meet Warsh About Fed Chair Job

The transcript discusses Kevin Wash, a former Fed governor, as a potential candidate for leading the Federal Reserve. It covers his background, including his time at the New York Fed and Morgan Stanley, and his views on monetary policy. Wash prefers a range for inflation targets over a fixed point like 2% and criticizes current inflation measures like CPI and core PCE. Despite his experience, Wash faces challenges due to his non-economist background and criticisms of Fed governance. The transcript concludes with Wash's ongoing job interviews for the Fed leadership role.

Who is Kevin Wash and what role did he play in the Federal Reserve?

What are Kevin Wash's views on the Taylor rule and inflation measurement?

What challenges might Kevin Wash face if he were to lead the Federal Reserve?

What criticisms has Kevin Wash made regarding the Federal Reserve's board organization?

How does Kevin Wash propose to measure inflation differently than the current methods?