Transition to the Richmond Fed: Balancing Experience and Economic Insight

This chapter narrates the speaker's journey from McKinsey to the Richmond Federal Reserve, highlighting their civic engagement and the pivotal conversation that led to this new role. They reflect on the integration of private sector insights into managing the Fed's policy amidst economic uncertainty, while also contemplating the Fed's inflation target amidst changing economic conditions. The discussion emphasizes the diverse economic environments within the Richmond District and the importance of understanding both market behavior and consumer sentiment.