“Jerome Powell has rarely had it easy during his tenure as chair of the Federal Reserve. Under his watch, the central bank has had to navigate through two global trade wars, a once-in-a-century pandemic, multiple geopolitical conflicts overseas and the worst inflation shock in decades,” the New York Times reports.
“But with just nine months to go until his term as chair is up, Mr. Powell’s circumstances have become particularly precarious.”
“Mr. Powell is facing relentless attacks from the White House and the recurring threat of being ousted by President Trump, while a handful of candidates openly jockey to replace him. He must grapple with all of this while managing divisions in his own ranks about when to lower interest rates again after a long pause.”
Save to Favorites