Jerome Powell
19 hours agoJerome Powell is an American economist and central banker who has been serving as the Chair of the Federal Reserve, the central bank of the United States, since February 5, 2018.
Born on February 4, 1953, in Washington, D.C., Powell received a Bachelor of Arts in Politics from Princeton University and later earned a Juris Doctor degree from Georgetown University Law Center.
Prior to his role as Chair of the Federal Reserve, Powell held various positions in both the private and public sectors. He worked as an investment banker at Dillon, Read & Co., was a partner at the private equity firm The Carlyle Group, and served as a visiting scholar at the Bipartisan Policy Center.
In the public sector, Powell was an undersecretary at the Treasury Department during President George H.W. Bush's administration.
Powell's tenure at the Federal Reserve began in 2012 when he was appointed as a member of the Board of Governors.
In 2017, President Donald Trump nominated Powell to succeed Janet Yellen as the Chair of the Federal Reserve, and he was confirmed by the Senate in January 2018.
As Chair, Powell is responsible for overseeing the formulation and implementation of U.S. monetary policy, aiming to maintain price stability, promote maximum employment, and ensure the stability of the financial system.
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