Former Fed Governor Warsh: Danger of Fed as a Science

The video discusses economic measurement, particularly inflation, and critiques the Fed's reliance on economic models. It highlights the impact of dollar appreciation on policy and the global influence of the Fed's decisions. The video also examines the Fed's communication strategy and its credibility with markets.

What is the significance of the dollar's appreciation mentioned in the text?

In what ways has the Fed's focus shifted in recent years according to the text?