Jerome Powell

Jerome Powell

FILE – Federal Reserve Board Chair Jerome Powell participates in a swearing-in ceremony, Monday, May 23, 2022, in Washington. On Tuesday,, June 14, 2022, Treasurys, the IOUs the U.S. government gives to investors who lend it money, provided an indication that a recession may be more likely as two-year Treasurys traded at 3.39% while 10-year bonds were yielding 3.36%. (AP Photo/Patrick Semansky, File)