Stock investors fared very well under Powell. Bond investors, not so much

A television station broadcasts Jerome Powell, chairman of the US Federal Reserve, on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, March 30, 2026. Michael Nagle | Bloomberg | Getty Images As Federal Reserve Chair took the podium for what was probably his last press conference leading the central bank, investors began drawing conclusions on what his tenure has meant for Wall Street. Powell has served as chair of the board of governors since 2018. …