Iran certainly is not a forever war as President Trump has said many times. Indeed, Mr. Trump is "ending" Iran’s forever war against the United States. Yet now it looks like the Fed chairman, Jay Powell, wants to be the Fed’s first forever board member. Telling a press conference that he will remain on the Federal Reserve’s board of governors until the investigation is "well and truly over." Whatever that means.This is unwelcome news to stock markets, as the Dow fell by more than 700 points, to a new 2026 low. It fell about 300 points after Mr. Powell made his forever board member comment. All...
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