Kai Risdahl

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Fed chair emeritus.

Is that a thing?

From American Public Media, this is Market Class.

In Los Angeles, I'm Kyle Rizdahl.

It is Wednesday today, 29 April.

Good as always to have you along, everybody.

Jay Powell wrapped up his last press conference as Fed chair this afternoon.

Eight long years, 64 press conferences, so much water under the economic bridge.

So we are going to start with a recap.

Previously on Federal Open Market Committee press conferences...

I have a brief statement, and then I'll be happy to respond to your questions.

In 2018, President Trump appointed then-Fed Governor Jerome Powell to replace Janet Yellen as chair.

And Powell gave his first-ever FOMC press conference.

The job market remains strong.

The economy continues to expand.

Aw, memories.

But there were tariffs, political pressure from President Trump to lower interest rates, and then March 2020.