Reposted by @harrietjames869.bsky.socialClaudia Sahm @claudia-sahm.bsky.social · 15/05/2026"Actions speak louder than words, but Powell's words did real work — talking the country through the pandemic, laying out the cost of fighting inflation, and naming the threat to the Fed's independence." My new piece on Jay Powell's last day as Fed Chair. stayathomemacro.substack.com/p/words-that...stayathomemacro.substack.comWords That Mattered: Fed Chair Jay PowellToday, May 15, is Jay Powell’s final day as Fed Chair. 19321
