Former Fed Chair Jerome Powell Gave Wall Street a 20-Word Reality Check on Inflation in His Final FOMC Meeting

Former Fed Chair Jerome Powell Gave Wall Street a 20-Word Reality Check on Inflation in His Final FOMC Meeting

Key PointsJerome Powell's term as Fed chair ended on May 15, paving the way for President Trump's nominee, Kevin Warsh, to succeed him.Powell's final year as Fed chair was marred by two price shocks: Trump's tariffs and the Iran war.The now-former Fed chair offered a sobering reminder about inflation and interest rates in his final Federal Open Market Committee (FOMC) meeting.10 stocks we like better than S&P 500 Index › A new era is upon us at …

Powell's tenure as Fed chair marked by fight for independence while trying to tame inflation

When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down after eight tumultuous…