[miohtama]

Reuters attributes this to be somehow a personal flaw in Walsh.

Pretty sure Jerome Powell, the previous chair, would have done exactly the same thing. In fact Jerome Powell is still in the Fed and participated in this decision.

[0x53]

I think the article makes a good case why the difference in chair matters - ending forward guidance - confusing wording around what the target is now (pce vs “other stuff”) - The fact that he was appointed specifically to not raise rates

None of the applies to Mr. Powell whom the market seems to have put a great deal of trust in

[matwood]

Maybe I missed it, but did Walsh explicitly say it's tariffs and the war driving inflation? There's a reason Trump was fighting with Powell.

https://www.reuters.com/markets/us/powell-says-tariffs-keepi...

[jquery]

Jerome Powell would’ve communicated in a mealy mouthed and confusing way that was meant to appease Trump?

I’ve had quite enough of Trump’s “meritocracy”, personally.

[ndsipa_pomu]

I think the word you were looking for is "kakistocracy" - government by the worst, least qualified, or most unscrupulous people.