You're member of the council of economic advisory. If you're confirmed, will you resign from the council. Thank you, senator.Um I have received advice from council that uh what is required is an unpaid leave of absence from the council of economic adviserss. And so considering the term for which I'm being nominated is a little bit uh more than four months, that is what I will be taking. Uh if I as as long as that is the advice of council, I will follow the law.Well, uh, your independence has already been se ...

I'm joined now by someone who intimately understands the Fed was there for ten years and most recently was the Fed vice chair under Jay Powell, who is still now the chair. And that's, of course, Lael Brainard. Lael, thank you so much for joining us this morning.As we see this standoff between President Trump and Governor Cook, we have yet to hear from the Fed itself. What kind of response do you think we can expect from the institution. Well, I think the Federal Reserve is in an incredibly difficult positio ...

Hopefully it has no effect. As you know, economists are basically unanimous on the importance that central banks be free from political interference when setting monetary policy. And the reason why economists are unanimous about that is if you just look at places where they do not have that, inflation is worse, growth is worse, unemployment is higher.I think it's a mistake if we're going to start messing with the with the political interference part. What we you can look at the minutes you and then eventual ...