Powell Put the Fed and Taxpayers in the Red

Powell Put the Fed and Taxpayers in the Red

Despite losing $235 billion, Federal Reserve Chairman Jerome Powell somehow still has a job—for now. His mismanagement of the Fed has not only badly hamstrung monetary policy for years but has stuck the taxpayer with a massive bill atop a general cost-of-living crisis. It’s no wonder calls for his resignation are growing. While at the Fed’s helm, Powell has completely failed to deliver price stability—something mandated by the Fed’s charter—and …