The biggest threat to the economy right now: Jerome Powell's ego | iCloud.Info

Mon, 01/30/2023 - 05:04

Jerome Powell in front of two landscapes — The US economy could still avoid a recession, unless Federal Reserve Chairman Jerome Powell's concerns about his legacy put it on the wrong path.
Pool/Getty Images; IMAG3S/iStock Photo; Arif Qazi/Insider;

Jerome Powell was trying to save face. In November 2021, the Federal Reserve chairman was scrambling to redefine his public messaging on inflation, which had turned from a short-term pain, or in his words "transitory," into a much bigger crisis.

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Markets, economy, finance, Discourse, News, politics, recession 2023, Inflation, Stock Market Crash, Jerome Powell, Interest Rates, Debt, Federal Reserve, Arif Qazi, Ricki Lee, INSIDER graphics, Insider Illustration

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The biggest threat to the economy right now: Jerome Powell's ego