When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs.

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic currents would have on individuals' finances and the market.

Tomorrow, May 15, will mark the final day of Jerome Powell's tenure as Fed chair and the expected beginning of Kevin Warsh's first term as head of the Fed. Warsh's five years on the Board of Governors of the Federal Reserve (Feb.

National Economic Council Director Kevin Hassett said Monday that he expects Federal Reserve Chair Jerome Powell to leave the central bank’s board of governors if he is “happy” with a forthcoming internal report on the Fed’s renovations,