My two cents. Should the Fed continue releasing the FOMC Transcripts and participants' forecasts attribution with a five-year delay? My sense is that some of Cochrane's questions could be studied in some detail if these transcripts were released sooner than the five-year delay.
I would HOPE these questions become REQUIRED READING for everyone involved with selecting the Next Federal Reserve member and/or chairman…. Well thought!
To me this list of questions shows that the Fed has too much power. I have little understanding of macro but I wish the Fed was limited to just adjusting the money supply to keep inflation at 0%. Maybe regulation of financial institutions should be given to another entity or let the industry regulate itself. Government bailouts seem counterproductive.
You made no mention of using the Austrian model. Unfortunately this seems completely off the table, because it would leave the Fed with very little to do. Who would want to give up all that power and prestige??
Excellent questions.
My two cents. Should the Fed continue releasing the FOMC Transcripts and participants' forecasts attribution with a five-year delay? My sense is that some of Cochrane's questions could be studied in some detail if these transcripts were released sooner than the five-year delay.
Would you please play the role of Fed Chairman nominee and provide your brief responses to those questions?
EDIT: Never mind, I wrote this comment before "Fed Answers" posted to my substack feed.
I would HOPE these questions become REQUIRED READING for everyone involved with selecting the Next Federal Reserve member and/or chairman…. Well thought!
To me this list of questions shows that the Fed has too much power. I have little understanding of macro but I wish the Fed was limited to just adjusting the money supply to keep inflation at 0%. Maybe regulation of financial institutions should be given to another entity or let the industry regulate itself. Government bailouts seem counterproductive.
Fed's job would be easier if Congress worried about our debt and its fiscal mess
In the Constitution, there are three branches of government, not four…
You made no mention of using the Austrian model. Unfortunately this seems completely off the table, because it would leave the Fed with very little to do. Who would want to give up all that power and prestige??