Federal Reserve Independence After Jerome Powell: What Comes Next

Knowledge at Wharton

Episode Description

ABOUT THE EPISODE Peter Conti-Brown, Associate Professor of Legal Studies & Business Ethics at the Wharton School, discusses the implications of a new candidate for Federal Reserve Chair in 2026 including how leadership transitions shape consensus, U.S. monetary policy, and what potential changes could mean for markets and the economy.

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Brief Summary

Peter Conti-Brown discusses the future of the Federal Reserve and the importance of its independence amid political influences.

Key points

  • The Independence Question. The independence of the Federal Reserve is more crucial now than ever, especially under President Trump.
  • Jay Powell's Legacy. Jay Powell's tenure has been marked by crises, but he handled them masterfully.
  • Future Fed Chair Candidates. The leading candidates for the next Fed Chair have strengths and weaknesses, raising concerns.

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