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Sam Bell is the policy director of Employ America, a think tank dedicated to having the economy run at full employment levels. Sam is also known on FOMC Twitter as an influencer when it comes to nominations for the Board of Governors. Sam returns to Macro Musings to talk about what 2021 likely has in store for the Fed. Specifically, Sam and David discuss Fed Vice Chair Richard Clarida\\u2019s vision for temporary price level targeting, the prospects of Jay Powell and Lael Brainard (and others) for the next Fed chair, the significance of Janet Yellen\\u2019s treasury secretary appointment, and the political pressures facing the Fed in 2021.
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Transcript for the episode can be found here.
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Sam\\u2019s Twitter: @sam_a_bell
About Employ America: https://employamerica.org/about/
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Related Links:
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*Monetary Policy Strategies for a Low-Rate Environment* by Ben Bernanke, Michael Kiley, and John Roberts
https://www.aeaweb.org/articles?id=10.1257/pandp.20191082
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David\\u2019s blog: macromarketmusings.blogspot.com
David\\u2019s Twitter: @DavidBeckworth