Yeah, the chair is important for communicating with the market, setting the agenda, and getting the board to act faster or slower, but he has just one formal vote among 12, and he cannot unilaterally decide the balance sheet. I'm sure those indirect powers still matter, but the design (no concentration of power in one) is such that no one person can wreak havoc on the whole economy, but rather a group of hopefully independent-thinking people, though consensus is usually built first before actions are taken, so there is still a risk of groupthink. Anyhow, one chair is somewhat influential, but not the be-all and end-all of economic control. What I like most about Powell is that he's not backing down under prosecution pressure and will now stay until 2028, which weakens what Trump wants, which is control over the Fed. Outside of that, he's just like most other chairs.
not as funny as you, who doesn't understand economics, yet annoints bitcoin as the answer to all economic woes
The Fed Chair Who Fought Back Jerome Powell's legacy as a champion of central bank independence was cemented when he publicly challenged Trump 2.0's DoJ Probe
