the Fed's regulatory powers to limit the ability of banks to lend to energy producers....that is clearly outside of the Fed's mandate (which is complicated and important). Clearly there should be more regulation on a global basis protecting the environment, but not through the Fed.

In terms of Jefferson's writings on poverty, it is obviously important...but his articles seem to border more on sociology...and seem less quantitative. Would be nice to see a Fed nominee that is an expert on the size of the balance sheet...impact of easing and tightening....inflation....markets (public and private equity markets plus housing market are frothy....how does that unwind). There are only 7 members of the Fed board of governors...and it is a 14 year appointment. They are members of the OMC....really need the absolute best to focus on the mandate, IMO. If we get the absolute best and they are successful in addressing the dual mandate, that would do more than anything to address poverty.