Federal Reserve’s Jerome Powell Owes American People an ‘Apology,’ Says Jeremy Siegel

Federal Reserve’s Jerome Powell Owes American People an ‘Apology,’ Says Jeremy Siegel
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve in Washington on July 27, 2022. Drew Angerer/Getty Images
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According to eminent Wharton Business School professor Jeremy Siegel, Federal Reserve Chair Jerome Powell owes the American people an “apology” for his poor handling of monetary policy over the last couple of years.  
In an interview with CNBC on Monday, Siegel purported that the central bank is now behaving too aggressively to combat inflation and will negatively affect U.S. workers during this tightening cycle.  
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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