Powells tenure as Fed chair marked by fight for independence while trying to tame inflation
WASHINGTON (AP) — When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps down from the post after eight tumultuous years, the U. S. economy is transformed: Inflation soared after the pandemic and has remained above the Fed's 2% target for more than five years, angering voters and making rents, cars, and groceries harder to afford. The Fed's key...
Read MoreFri, 15 May 2026
- Powells tenure as Fed chair marked by fight for independence while trying to tame inflation
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Thu, 14 May 2026
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- Former Oklahoma death row prisoner freed from jail as he awaits retrial in 1997 killing
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Tue, 12 May 2026
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- Jason Collins, NBAs first openly gay player, dies at 47 of brain tumor
- Trump and Hegseth claim control over Iran and the Strait of Hormuz as ceasefire talks are stalled
- Denver airport security missed trespasser who was killed by plane on runway
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- Memphis Grizzlies forward Brandon Clarke dies at 29
- Hegseth gets bipartisan grilling on rising costs of the Iran war and Trumps end game
- Tiger Woods prescription drug records will be handed over to prosecutors in Florida DUI case
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- Harvey Weinstein defense urges acquittal as rape retrial nears a close
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- Trump and Xi appear intent on keeping deep differences over Iran war from overshadowing China summit
- Israeli lawmakers set up a special tribunal and allow for death penalty for Hamas-led 2023 attackers
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Mon, 11 May 2026
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- Supreme Court halts order for Alabama to use US House map with 2 largely Black districts
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Fri, 08 May 2026
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