Jerome Hayden Powell (born February 4, 1953) is the 16th chair of the Federal Reserve, serving in that office since February 2018.He was nominated to the Board of Governors in 2012 by President Barack Obama, and subsequently nominated as chair by President Donald Trump, confirmed in each case by the United States Senate.
- Early career
- Early life and education
Jerome H. Powell took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. 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.
Prior to his appointment to the Board, Mr. Powell was a visiting scholar at the Bipartisan Policy Center in Washington, D.C., where he focused on federal and state fiscal issues. From 1997 through 2005, Mr. Powell was a partner at the Carlyle Group. Mr. Powell served as an assistant secretary and as undersecretary of the Treasury under President George H.W. Bush, with responsibility for policy on financial institutions, the Treasury debt market, and related areas. Prior to joining the Bush administration, Mr. Powell worked as a lawyer and investment banker in New York City.
In addition to service on corporate boards, he has served on the boards of charitable and educational institutions, including the Bendheim Center for Finance at Princeton University and the Nature Conservancy of Washington, D.C., and Maryland.
Mr. Powell was born in February 1953 in Washington, D.C. He received an AB in politics from Princeton University in 1975 and earned a law degree from Georgetown University in 1979. While at Georgetown, he was editor-in-chief of the Georgetown Law Journal.
Jul 07, 2017 · 5:09 PM ET Thu, 15 July 2021. Treasury Secretary Janet Yellen offered praise for the Federal Reserve during the Covid-19 crisis under the direction of Chairman Jerome Powell.
Jul 13, 2021 · Jerome Powell, chair of the Federal Reserve Board of Governors, testifies at a House Coronavirus Subcommittee hearing on June 22, 2021, in Washington, D.C. (Photo by Graeme Jennings-Pool/Getty Images)
- Dan Glaun
Jul 20, 2021 · Federal Reserve Board Chairman Jerome Powell testifies at a House Coronavirus Subcommittee hearing on the Fed's response to the pandemic on Capitol Hill, June 22, 2021 in Washington.
Jul 16, 2021 · Powell told the House Financial Services Committee that the digital dollar project is moving forward. Federal Reserve chair Jerome Powell has been testifying on Capitol Hill this week, and it’s ...
- Mackenzie Sigalos
Jun 17, 2021 · Jerome Powell, the Federal Reserve chair, made clear that he believes the fundamentals of the economy are stable, even though the pandemic has thrown it for a loop.
May 18, 2020 · Jerome Powell is chair of the Board of Governors of the Federal Reserve System. He was nominated by President Trump in November of 2017 and took on the role on February 5, 2018. As chair of the ...
- Talis Shelbourne
- Elissa Leonard
- February 4, 1953
Jul 14, 2021 · Powell: Progress toward full employment, 2% inflation is "still a ways off," hinting Fed may not be on verge of cutting bond-buying stimulus. Federal Reserve Chair Jerome Powell told Congress ...