🚨 POWELL STEPS DOWN AFTER EIGHT YEARS LEADING THE FED. Jerome Powell has stepped down as Federal Reserve Chair after eight years in the role. His departure comes as Kevin Warsh prepares to take over following Senate confirmation. Powell leaves after a turbulent period marked by high inflation, political pressure, and a long-running Justice Department investigation. He plans to remain on the Fed’s Board of Governors until he believes the institution’s independence is secure.
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