The Investopedia Express with Caleb Silver cover image

What Really Happens Inside the Federal Reserve

The Investopedia Express with Caleb Silver

00:00

The Most Influential Economist in Europe?

Bill Dudley: The economist that had the biggest impact on my career was a professor at Berkeley named Jim Pierce. He's the one who gave me the idea of going to work at the Federal Reserve in Washington. Financial conditions is our favorite financial investing or economics term and why. It took about 20 years for a Fed Chairperson to latch onto this as a right way to think about monetary policy.

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