"Oversaw the most aggressive monetary stimulus in US history, cutting interest rates to zero and launching a massive quantitative easing (QE) program to prevent a financial collapse."

Source: Federal Reserve Statements

"Initially characterized the post-pandemic surge in inflation as "transitory," a judgment that proved incorrect and led to criticism that the Fed was too slow to act."

Source: FOMC Press Conferences

"Executed the most rapid series of interest rate hikes in 40 years to combat soaring inflation, a policy that significantly cooled the economy."

Source: FOMC Policy Actions

"Led the Fed's emergency response to the collapse of Silicon Valley Bank (SVB) and other regional banks, creating the Bank Term Funding Program (BTFP) to provide liquidity and prevent a wider crisis."

Source: US Treasury

"Endured unprecedented public criticism from President Donald Trump, who repeatedly demanded he lower interest rates. Powell consistently defended the Fed's political independence."

Source: Media Reports

"His central challenge is achieving a "soft landing"—bringing inflation down to the 2% target without triggering a major recession and a spike in unemployment."

Source: Economic Outlooks

"Faced a major ethics scandal after it was revealed that several regional Fed presidents were actively trading stocks during the pandemic. He was not implicated but oversaw the implementation of stricter ethics rules."

Source: The Wall Street Journal

"Has adopted a very cautious "slow and steady" approach to a potential Central Bank Digital Currency, arguing that it's more important for the U.S. "to get it right than to be first.""

Source: Congressional Testimony