The Warsh Era Begins, Powell Leaves a Substantial Legacy

Deep News05-15 21:11

The Federal Reserve has officially undergone a leadership transition. After successfully steering the U.S. economy through a once-in-a-century pandemic shock and the most severe inflationary surge in four decades, Jerome Powell has stepped down from his role as Chair of the Federal Reserve. However, he will remain on the Federal Reserve Board as a governor.

He is succeeded by Kevin Warsh, a former official in the Bush administration and a long-serving former Federal Reserve governor. Warsh faces immediate and significant challenges: deep divisions within the Fed regarding the direction of monetary policy, persistent price pressures, and elevated gasoline prices due to ongoing tensions in the Middle East. Furthermore, President Trump has repeatedly applied public pressure for interest rate cuts, testing the central bank's independence.

Powell's most significant legacy is his success in taming high inflation without triggering an economic recession, achieving what is termed a "soft landing."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1152717411?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-15 21:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1152717411","market":"other","top_or_hot":-1,"title":"The Warsh Era Begins, Powell Leaves a Substantial Legacy","media":"Deep News","content":"<p>The Federal Reserve has officially undergone a leadership transition. After successfully steering the U.S. economy through a once-in-a-century pandemic shock and the most severe inflationary surge in four decades, Jerome Powell has stepped down from his role as Chair of the Federal Reserve. However, he will remain on the Federal Reserve Board as a governor.</p>\n<p>He is succeeded by Kevin Warsh, a former official in the Bush administration and a long-serving former Federal Reserve governor. Warsh faces immediate and significant challenges: deep divisions within the Fed regarding the direction of monetary policy, persistent price pressures, and elevated gasoline prices due to ongoing tensions in the Middle East. Furthermore, President Trump has repeatedly applied public pressure for interest rate cuts, testing the central bank's independence.</p>\n<p>Powell's most significant legacy is his success in taming high inflation without triggering an economic recession, achieving what is termed a \"soft landing.\"</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Warsh Era Begins, Powell Leaves a Substantial Legacy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Warsh Era Begins, Powell Leaves a Substantial Legacy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-05-15 21:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The Federal Reserve has officially undergone a leadership transition. After successfully steering the U.S. economy through a once-in-a-century pandemic shock and the most severe inflationary surge in four decades, Jerome Powell has stepped down from his role as Chair of the Federal Reserve. However, he will remain on the Federal Reserve Board as a governor.</p>\n<p>He is succeeded by Kevin Warsh, a former official in the Bush administration and a long-serving former Federal Reserve governor. Warsh faces immediate and significant challenges: deep divisions within the Fed regarding the direction of monetary policy, persistent price pressures, and elevated gasoline prices due to ongoing tensions in the Middle East. Furthermore, President Trump has repeatedly applied public pressure for interest rate cuts, testing the central bank's independence.</p>\n<p>Powell's most significant legacy is his success in taming high inflation without triggering an economic recession, achieving what is termed a \"soft landing.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1152717411","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152717411","pubTimestamp":1778850704,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"The Federal Reserve has officially undergone a leadership transition. After successfully steering the U.S. economy through a once-in-a-century pandemic shock and the most severe inflationary surge in...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"沃什时代开始，鲍威尔留下了丰厚的遗产","themeId":"","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/526fc26ad6beabef3b25db92e356a5e4","symbols_score_info":{"BBLB":1,"BBSB":1,"HIBL":1,"SHY":1,"OEF":1,"TLTW":1,"SH":1,"ESmain":1,"SDS":1,"SGOV":1,"SPDN":1,"SPYI":1,"TLTX":1,"UPRO":1,"BBIB":1,"ISHG":1,"FLGV":1,"IGOV":1,"SPYB":1,"SPYM":1,"IEI":1,"TBJL":1,"OEX":1,"DMAX":1,"MMAX":1,"BWZ":1,"SPXU":1,"SPUU":1,".SPX":1,"IVV":1,"SPXS":1,"SPYQ":1,"TLTI":1,"SPYH":1,"SPY":1,"TLH":1,"BWX":1,"TFJL":1,"YSPY":1,"SPXL":1,"SPYU":1,"SMAX":1,"SSO":1,"MESmain":1,"IEF":1,"SHV":1,"TSYW":1},"content_text":"The Federal Reserve has officially undergone a leadership transition. After successfully steering the U.S. economy through a once-in-a-century pandemic shock and the most severe inflationary surge in four decades, Jerome Powell has stepped down from his role as Chair of the Federal Reserve. However, he will remain on the Federal Reserve Board as a governor.\nHe is succeeded by Kevin Warsh, a former official in the Bush administration and a long-serving former Federal Reserve governor. Warsh faces immediate and significant challenges: deep divisions within the Fed regarding the direction of monetary policy, persistent price pressures, and elevated gasoline prices due to ongoing tensions in the Middle East. Furthermore, President Trump has repeatedly applied public pressure for interest rate cuts, testing the central bank's independence.\nPowell's most significant legacy is his success in taming high inflation without triggering an economic recession, achieving what is termed a \"soft landing.\"","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1152717411","isCrawlerRequest":true}