Published May 10, 2026, 6:00 PM ET · Updated 6 months ago · 1 source

Powell’s legacy as Fed chair is fighting inflation and Trump. He may lose the battle against both.

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Powell’s legacy as Fed chair is fighting inflation and Trump. He may lose the battle against both.

Jerome Powell's tenure as Fed chair will be defined by the outcomes of his fight against inflation and his efforts to maintain the Federal Reserve's independence. The ultimate success of these endeavors remains uncertain.