The Fed Chair exerts power through consensus-building despite having just one vote among 7-12 people
Episode Description
In this clip from the This Week in Business podcast, Peter Conti-Brown discusses what a new Federal Reserve Chair could mean for the U.S.
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.
ABOUT THE PODCAST This Week in Business features interviews with Wharton faculty about the latest news, fascinating trends, and issues impacting both consumers and the business world. Episodes are recorded at the Wharton School and published twice per week.
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Brief Summary
The episode examines Jerome Powell's unique consensus-building skills at the Federal Reserve and the challenges his successor may face.
Key points
- Jerome Powell's Influence. Jerome Powell has been exceptionally skilled at building consensus within the Federal Reserve.
