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End of the JPowell era
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End of the JPowell era

Reddit r/wallstreetbets·u/ClintAwana·about 1 month ago
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End of the JPowell era Jerome Powell is stepping down as Chair of the Federal Reserve. Here is a look at his impact while holding his position: \-Guided the U.S. economy through the COVID 19 crisis by cutting interest rates to near zero and launching massive emergency lending programs to stabilize financial markets and avoid a deeper collapse \-Oversaw unprecedented monetary stimulus, expanding the Fed’s balance sheet through quantitative easing to support jobs and economic recovery \-Shifted to a more flexible inflation framework in 2020, introducing “average inflation targeting” to allow inflation to run moderately above 2 percent in support of stronger labor markets \-Managed the transition from low inflation to high inflation, later raising interest rates at the fastest pace in decades to bring rising prices under control \-Maintained a relatively strong labor market even during aggressive rate hikes, with unemployment staying low despite tighter policy \-Strengthened financial system resilience by…

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