Jerome Powell’s last day as Federal Reserve chair on Friday marked the end of his term, prompting fresh scrutiny of what he leaves behind and how the Fed will shape its next chapter.
Friday was Jerome Powell’s last day as chairman of the Federal Reserve, closing out a term that has defined a pivotal stretch of U.S. economic policymaking.
As Powell finished his tenure. attention quickly turned to the lasting imprint he leaves on the central bank’s direction and decision-making.. His time as chair has come during a period of intense scrutiny for the Federal Reserve’s role in steering inflation. supporting employment. and responding to shifting economic conditions.
CBS News producer Emily Pandise took a look at Powell’s legacy as he stepped away from the top post, laying the groundwork for the question many economists and investors are now asking: what kind of Federal Reserve comes after the leadership that just concluded?
Jerome Powell Federal Reserve Fed chair US economy monetary policy inflation