🚨 Today marks Jerome Powell’s final day as Chair of the U.S. Federal Reserve.
An 8-year era comes to an end: • a global pandemic
• emergency money printing
• the highest inflation in 40 years
• aggressive rate hikes
• nonstop political pressure
Powell repeatedly defended Federal Reserve independence through one of the most volatile economic periods in modern history.
Tomorrow, Kevin Warsh officially takes over.
Markets are now watching for potential shifts in: • interest rate policy
• inflation strategy
• banking regulation
• crypto and financial innovation
The next chapter for the Fed begins now.