Jerome Powell has officially stepped down as the Chair of the Federal Reserve after serving for eight years. Powell's tenure was marked by significant monetary policy decisions, including navigating the economic impacts of the COVID-19 pandemic and implementing measures to stabilize the U.S. economy. His departure marks the end of a pivotal era for the Federal Reserve, as the institution now looks towards new leadership to guide future economic policy.
Jerome Powell Steps Down as Federal Reserve Chair After 8 Years
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