 Huang was convicted along with Arcego's chief financial officer, Patrick Halligan. Both men were convicted of defrauding Arcego's counterparties like Credit Suisse and UBS. Each count carries a maximum sentence of 20 years in prison. From a New York courtroom to a hearing room in Capitol Hill and Fed Chair Jay Powell saying today he believes inflation is receding, yet he's not confident that price gains are sustainably slowing to the Fed's 2% goal.