Jay Powell Takes on the World

“Federal Reserve Chair Jerome Powell is waging a relentless battle against inflation that threatens to leave a path of destruction on the global economy in its wake,” Politico reports.

“The Fed — carrying out its steepest interest rate hikes in three decades — has fueled market turmoil by boosting the value of the dollar and feeding higher borrowing costs from the U.K. to Japan to Latin America. But Powell’s No. 1 enemy is inflation at home, and he has signaled that the Fed will do what’s best for the U.S., no matter what.”