Notre Dame professor explains the importance of a Federal Reserve chair

SOUTH BEND, Ind. (WNDU) - President Trump announced earlier this morning that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a pick likely to result in sharp changes to the powerful agency.

The question tonight is whether this move could bring the agency closer to the White House and reduce its longtime independence from day-to-day politics.

Jeffrey Campbell, a professor in the department of economics at the University of Notre Dame, joined us on WNDU 16 News Now at 4 to break down the latest developments at the Federal Reserve, including what it means for your wallet.

You can watch his full conversation with WNDU’s Lauren Moss and Joshua Short in the video above.