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21min chapter
Jeffrey Lacker on Governance at the Federal Reserve
Macro Musings with David Beckworth
Governance and Diversity at the Federal Reserve: Recognizing and Responding to Inflation Surge
This chapter explores the impact of governance practices on the Federal Reserve's response to the recent surge in inflation. It discusses the changes in the role of the Board of Governors, the norms around public dissensions by FOMC members, and the Board's entanglement with the COVID-19 pandemic. The chapter also highlights the composition of the Federal Reserve committee and the shift in the number of presidents with a background in academic economics.
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