The Federal Reserve delayed raising interest rates, allowing inflation to spike to 9.5%. By the time they moved to lower rates, it was too late to mitigate the damage. This delay could lead to significant trouble for the US stock market under Powell's leadership. If the Fed had acted sooner, the market might have been more stable. Unfortunately, Powell's approach tends to be reactive rather than proactive. He addresses problems only after they escalate, rather than anticipating and preventing them. While this method may make him appear effective in his role—getting credit if issues are resolved and shifting blame if they are not—it's a risky strategy that can lead to greater instability.