Jerome Powell ends term as Fed Chair, Kevin Warsh to succeed
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Jerome Powell ends term as Fed Chair, Kevin Warsh to succeed
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MSNCBS News - Video
As one of the nation’s top economic policymakers, Jerome #Powell guided the Federal Reserve through the coronavirus crisis and political efforts to reduce central bank independence. Experts say Powell may best be remembered for presiding over the sharpest uptick inflation in a generation. Others note his role in upholding the U.S.' position as a world-leading economy. CNBC’s Steve Liesman, Jeff Cox and Matt Peterson report. Read CNBC's full analysis at the #linkinbio or the link on screen. #CNBC
1:46
As one of the nation’s top economic policymakers, Jerome #Powell guided the Federal Reserve through the coronavirus crisis and political efforts to reduce central bank independence. Experts say Powell may best be remembered for presiding over the sharpest uptick inflation in a generation. Others note his role in upholding the U.S.' position as a world-leading economy. CNBC’s Steve Liesman, Jeff Cox and Matt Peterson report. Read CNBC's full analysis at the #linkinbio or the link on screen. #CNBC
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Jerome Powell ends term as Federal Reserve chief clouded by Trump tumult
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The Federal Reserve caused the Great Depression. Their own chairman admitted it out loud. In 2002 Ben Bernanke stood up at Milton Friedman's 90th birthday and said it directly. You're right. We did it. We are very sorry. Between 1929 and 1933 the Fed let the money supply fall by 33%. 9000 banks failed. 9 million savings accounts wiped out. They had the power to stop it on day one. They chose not to.
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