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As President-elect Joe Biden announced his picks for the Cabinet, the joke went around on Jewish Twitter that the West Wing would have a minyan. Indeed, at least 10 prominent Jews have been ...
Jerome Hayden "Jay" Powell (born February 4, 1953) is an American attorney and investment banker who has served since 2018 as the 16th chair of the Federal Reserve.. After earning a degree in politics from Princeton University in 1975 and a Juris Doctor from Georgetown University Law Center in 1979, he moved to investment banking in 1984, and worked for several financial institutions ...
Powell’s career in finance also made him the wealthiest Fed chair nominee since 1948, The Washington Post reported in 2017. At that time, Powell was worth between $19.7 million and $55 million ...
Mr. Powell also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. Mr. Powell has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term. He was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028.
Jerome Powell looks on as President Trump speaks during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC.
Powell was born into an affluent Catholic family in Washington, D.C. His mother was a statistician and his father was a labor lawyer; they had six children, of which Jay was the second oldest.
The current chairman is Jerome Powell, who was sworn in on February 5, 2018. He was nominated to the position by President Donald Trump on November 2, 2017, and later confirmed by the Senate. He was subsequently nominated to a second term by President Joe Biden, later confirmed by the Senate and sworn in on May 23, 2022.
