Powell’s legacy tested by inflation, bank crisis, new Fed dynamics
NASDAQ-Reuters/Howard Schneider/5-16-2023
“Federal Reserve Chair Jerome Powell, who navigated a combative White House and a pandemic in his first years as head of the U.S. central bank, is facing a critical chapter in his leadership with a battle against inflation still unresolved, worries about recession widespread, and developing criticism of the Fed’s oversight of the financial industry.”
USAGOLD note: The Fed has only itself to blame, though Powell inherited much of the problem from Bernanke and Yellen.
This entry was posted in Today's top gold news and opinion. Bookmark the permalink.