How Jerome Powell's record stacks up against previous Fed chairs [View all]

As chair of the Federal Reserve since 2018, Jerome Powell was supposed to keep inflation low and employment high. So, how did he do?

Powell is on track to have the lowest average unemployment rate and the third-highest average inflation among the six Fed chairs who have run the central bank since 1977. That was when Congress first directed the Fed to keep the economy running at "maximum employment" and ensure "price stability."

Inflation, as measured by Personal Consumption Expenditures, averaged 3% during Powell's tenure, above the Fed's 2% annual target and above the inflation rate when Janet Yellen, Ben Bernanke, and Alan Greenspan were in charge.

Here's how he stacks up against his predecessors:

Powell's term will end on May 15, when he will likely be replaced by Kevin Warsh, whom President Donald Trump nominated for the job. Powell was first appointed by Trump in 2018, succeeding Janet Yellen.

https://www.msn.com/en-us/money/markets/how-jerome-powell-s-record-stacks-up-against-previous-fed-chairs/ar-AA21QX7y

Now Trump's going to step in and fuck it all up.