Month: October 2025

Powell will go out having presided over the highest inflation rate among Fed leaders since the 1980s Fed Chairman Jerome Powell has four meetings left as chairman of the U.S. central bank. Inflation so far has averaged 3.1% on his watch, higher than his three most recent predecessors – Alan Greenspan, Ben Bernanke and Janet…

President Trump says he’s made his decision about a successor to Jerome Powell as Fed chairman. News reports suggest this person is Kevin Hassett, the chair of the National Economic Council, a close and loyal ally of the president. Here is the bond market reaction today — a higher yield, which suggests the market is…