Powell should have never been appointed. The only reason he was is that Yellen was recommending a raising of interest rates in 2018 and the sitting president w

Powell should have never been appointed. The only reason he was is that Yellen was recommending a raising of interest rates in 2018 and the sitting president was worry about the optics of that going into reelection. In comes Powell, the man willing to kick that can down the road. Raising interest rates was the right move in 2018. It's just that the economic benefits of doing such takes a few years to pay off.