Main menu For students For teachers Explore our subjects Student events & courses

Explore

More for students
Sign in

Teaching Economics

In the News

Monetary Policy - Who should lead the US Federal Reserve?

Graham Watson

10th November 2021

Share this content:

Who should be the next Federal Reserve chair? A very American article - however, it opens up debate about the nature of policymaking, whether the role should be non-partisan or not and the conduct of monetary policy.

In this article, Joseph Stiglitz makes a case for replacing the current Chair, Jerome Powell, with someone more inclined to support the Biden administration, Lael Brainard.

His argument is based on wanting the Fed to be more concerned about unemployment than inflation and a need for tighter regulation of the financial sector. He may have a point - but to what extent do partisan appointees undermine transparency and credibility, and if they do, at what cost?

Share this content:

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

You might also like

In the News Teaching Activity – What is likely to happen to UK inflation over the next year? (July 2026)

2nd July 2026

In the News Teaching Activity – What is happening to consumer confidence in the UK? (May 2026)

21st May 2026

In the News Teaching Activity – What is the state of the UK’s economy? (Apr 2026)

30th April 2026

Master These Monetary Policy Stats Before Your 2026 A-Level Economics Exams

20th April 2026

Macro Case Study: Bank of England and inflation

Topical case studies

Macro Case Study: Japan's exchange rate

Topical case studies

In the News Teaching Activity – Could the UK economy tip into recession? (Mar 2026)

23rd March 2026

In the News Teaching Activity – Will the Bank of England cut interest rates before Christmas? (Nov 2025)

17th November 2025