The same Federal Reserve Chair appointed by President Trump during his first term, and later scolded during his second, is now entering the final miles of his tenure, set to step down in May 2026. Few Fed leaders have governed across as many extremes as Jerome Powell, spanning crisis-era policy during Covid, the fastest rate hiking cycle in decades, and now, a rare pivot toward rate cuts during a non-recessionary expansion.
Please enjoy the fourth theme release in our five-part series leading up to the release of Waterloo Capital’s 2026 Annual Outlook.