Jerome Powell

Jerome Powell is an economist and lawyer who currently serves as the Chairman of the Federal Reserve in the United States. He assumed office on February 5, 2018.

Born on February 4, 1953, in Washington, D.C., Powell completed his undergraduate studies at Princeton University and later earned a law degree from Georgetown University. He then pursued a career in finance.

In the early 1990s, Powell worked at the U.S. Department of the Treasury and served as an economic advisor to President George H.W. Bush. Subsequently, he held various positions in investment banking and private equity firms.

In 2008, Powell was appointed to the U.S. Department of the Treasury, where he served as Undersecretary for Domestic Finance. During his tenure, he played a leading role in the rescue of AIG during the financial crisis and contributed to financial reform efforts.

In 2012, Powell was appointed to the Board of Governors of the Federal Reserve System and in 2018, he was nominated by President Donald Trump to become the Chairman of the Federal Reserve. As Chairman, Powell plays a crucial role in shaping Federal Reserve policies. He serves as the chair of the Federal Open Market Committee (FOMC), which determines monetary policy in the United States, and is responsible for overseeing the health of the U.S. economy and maintaining financial stability.

Powell frequently communicates Federal Reserve policies and provides assessments of the economic situation. He delivers speeches on national and international economic issues and regularly meets with members of Congress.

Powell generally guides Federal Reserve policies with a focus on supporting economic growth and achieving price stability. He also takes measures to safeguard financial stability and mitigate systemic risks.

Jerome Powell is a significant figure in shaping economic and monetary policies in the United States. As the Chairman of the Federal Reserve, he makes important decisions and provides guidance to ensure the health and stability of the U.S. economy.