Powell has actually done a good job. There are people who will never be able to acknowledge that because they simply hate the concept of a central bank. And that's whatever. But if you rewind to spring 2022, the consensus was that we were driving the economy off a cliff because it couldn't tolerate higher than 2% interest rates. It was literally going to be a great depression induced by Jerome Powell. A lot of people forget that in August and September 2022, markets were pricing in a full reversal back to ZIRP and QE by Christmas. Nothing of the sort took place. There are plenty of mistakes to critique when they have such an impactful job at such a fraught moment in the long-term debt cycle. But Powell has objectively done better than anyone thought could be done.