Data is Beautiful
“
Monthly U.S. data, 1970–2025. Shaded squares show the 10th–90th percentile range of outcomes for that chair. What stands out:

• Burns = no bueno – Miller tenure was super short hence the thin rectangle.
• Volcker’s wide range—started with double-digit inflation, then brought it down.
• Greenspan’s long tenure clusters unemployment near 5–6%.
• Bernanke and Yellen show the post-crisis low-inflation regime.
• Powell: very low unemployment with a wide inflation swing (“but it was transitory!”).
• It’s a compact view of the varied macro outcomes from each chair’s era.

Further explanation, if needed:

• -left of square: 10th percentile unemployment observations
• -right of square: 90th percentile unemployment observations
• -top of square: 90th percentile inflation observations
• -bottom of square: 10th percentile inflation observations..”