Federal Reserve Chair Jerome Powell's tenure is up in a year, so as the central bank puts together its final framework under his leadership, it's useful to consider his legacy at the helm of arguably the world's most powerful financial entity.

Following the last review, the Fed outlined a policy that became known as flexible average inflation targeting. The move was a stated intent to allow inflation to run slightly over the central bank's 2% target for a period of time in the interest of providing full and inclusive employment across the economy, including for race and gender.

Federal Reserve Chair Jerome Powell reiterated the need for a wait-and-see approach during a press conference following the committee's policy announcement.

Every five years the Federal Reserve reconsiders its framework for monetary policy. This time it will have to consider lessons from the pandemic and an uncertain future.

There is one subject where Federal Reserve Chair Jerome Powell has been consistent since becoming central bank boss nearly seven years ago: The nation’s fiscal path is "unsustainable." It’s a word he has come back to again and again in describing US deficits,