'65 Months of Above Target Inflation': Powell's Legacy May Echo Arthur Burns

'65 Months of Above Target Inflation': Powell's Legacy May Echo Arthur Burns

History judges Fed chairs on inflation above almost everything else, and a count of months that Kevin Warsh keeps reciting in speeches has started drawing an uncomfortable comparison between Jerome Powell and the Fed chair nobody wants to be remembered as.

65 Months of Above Target Inflation’: Powell’s Legacy May Echo Arthur Burns

The post ’65 Months of Above Target Inflation’: Powell’s Legacy May Echo Arthur Burns appeared first on 24/7 Wall St.. Although Jerome Powell steered Wall Street through a pandemic, a banking scare, and the fastest hiking cycle in four decades, his tenure now carries a scoreboard that history…