How a Former Fed Vice-Chair Is thinking About the Next Fed Chair | Odd Lots
The nomination of Kevin Warsh to be the next chair of the Federal Reserve obviously has big implications for markets. But it also comes with some interesting sociological questions too. What role does the Fed chair actually play in setting monetary policy? How do they communicate -- and influence -- members of the Fed board? How do they communicate to markets? What happens when someone who's been advocating major regime change at the central bank is now running it? And how do they balance independence with politics? In this episode, we speak with Richard Clarida, former Fed vice-chair and now…