Well, we have a new US Presidential Administration with a very different economic strategy than its predecessor.

The president has already started vocally demanding the Federal Reserve be more aggressive in lowering interest rates.

And he's appointed a new head, Scott Bessent, at the US Treasury, replacing Janet Yellen.

What should we expect from the policies this Administration intends to pursue?

Will Jerome Powell march to the President's demands? Or will he flex to assert the Fed's independence?

And where does inflation figure into all of this?

For a true expert's informed perspective on these very important questions, we have the great privilege today of speaking with Dr Thomas Hoenig, former CEO of the Kansas City Fed, former voting member of the Federal Open Market Committee, a former director of the FDIC, and now a Distinguished Senior Fellow at the Mercatus Center.

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