Obviously what Powell did was a horrible job at the market and I originally thought they would leave Powell in his position. However I guess the blame game is about to start. Power is going to say Congress and the White House is at fault while they try to make Powell the scapegoat. Even the bill about trying to get information about every single transaction we are doing is horrible.
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It does appear the writing is on the wall which is sad. In my decades of watching the Fed, he is the best chair and it isnt even close.
Or maybe he just appears that way after following Yellen.
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Yea he has been doing a great job and he tried his best to fix what he could. However the market threw a tantrum and he backed off.
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