What Happens If Kevin Hassett Becomes Fed Chair?

In this episode of Trumponomics, Stephanie Flanders, along with Anna Wong and Saleha Mohsin, discusses the possibility of Kevin Hassett becoming the next chair of the Federal Reserve. The conversation covers Hassett's potential nomination by President Trump, his relationship with the president, and the implications for the Fed's policies, particularly regarding interest rates and inflation. They also explore Hassett's views on productivity, the potential for a boom-and-bust economic cycle, and the challenges he might face in gaining the support of the Federal Open Market Committee (FOMC). The podcast further examines the political dynamics surrounding the Fed, including potential conflicts with the White House and the broader implications for the central bank's credibility and independence.