Frederick Mishkin

…Let's turn back to what we just heard out of Cintra. Kevin Worsch, of course, and bring in Columbia University economics professor , former Federal Reserve Governor, Frederick Mishkin, talk about what we learned. Frederick, good to have you. Thanks for the help today. We listed a few headlines that we got on the mechanics of the Fed, but also sort of how he's thinking about broader issues like AI. What did you hear? Well, first of all, I think very importantly to see reaffirm the issue of the independence of the Fed and the importance of the Lisa Cook decision. And also consistent with his press conference, he's very much emphasized that the Fed's job is to promote price stability. And I think all of this is really good news that we dodged a bullet that I think that Kevin is going to be very focused on inflation as part of his remit. And that actually protects us a lot from Donald Trump's push to, always lower interest rates. So I think that's very important. I think another important issue is the whole issue for guys, which of course is a big part of the joking around at this session. I think the issue, and it came up actually by discussion by other people, I think Kevin has talked about lowering, shrinking the balance sheet. But I think that what's key is the way that monetary policy and setting of…From: this video · 1 claim mined from it