How Does the Fed Work?

All eyes are on the Fed, as today President Biden renominates Jerome Powell as Chair of the Federal Reserve and nominates Lael Brainard as Vice Chair. How will these choices impact financial markets and interest rates? Steve Odland, President CEO of The Conference Board sits down with Roger Ferguson, Jr, former Vice Chair of The Federal Reserve, and former Chair of The Conference Board, to talk about the central bank of the United States. In this episode of CEO Perspectives, Steve and Roger answer the following questions and more:

• What’s the purpose of the Fed?
• How much autonomy does the Fed have?
• What role do the Fed’s regional banks play?
• What is the Fed’s balance sheet, and how is it used?
• What are the risks of politicizing the Fed?

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