Over the past year, Jerome H. Powell has frequently said that the Federal Reserve faced “ no risk-free paths ” as it confronted a series of economic shocks that simultaneously lifted inflation while d...

Jerome Powell is finished as Federal Reserve Board chairman, but he has time left in his term, so he is sticking around.

Powell, on the other hand, has consistently defended the independence of the Federal Reserve, emphasizing that its decisions are based on economic data rather than political considerations.