Jerome Powell

Extracted Attributes

• Nickname

  Wall Street's Head of State (Bloomberg News)

• Education

  Princeton University (AB in Politics), Georgetown University Law Center (Juris Doctor)

• Full Name

  Jerome Hayden "Jay" Powell

• Occupation

  Attorney, Investment Banker, Central Banker

• Reputation

  Consensus-builder, Problem-solver

• Nationality

  American

• Current Role

  16th Chair of the Federal Reserve

• Date of Birth

  1953-02-04

• Place of Birth

  Washington, D.C., United States

• Political Affiliation

  Republican

Timeline

• Born in Washington, D.C., United States. (Source: Summary, Wikipedia, Wikidata, DBPedia)

  1953-02-04

• Graduated from Princeton University with an AB in politics. (Source: DBPedia, Federal Reserve History)

  1975

• Earned a Juris Doctor from Georgetown University Law Center. (Source: DBPedia, Federal Reserve History)

  1979

• Transitioned to investment banking. (Source: Wikipedia, DBPedia)

  1984

• Served as Under Secretary of the Treasury for Domestic Finance under President George H. W. Bush. (Source: Summary, Wikipedia, DBPedia, Federal Reserve History)

  1992

• Left The Carlyle Group and founded Severn Capital Partners, a private investment firm. (Source: Wikipedia, DBPedia)

  2005

• Began serving as a visiting scholar at the Bipartisan Policy Center. (Source: Summary, Wikipedia, DBPedia)

  2010

• Became a member of the Federal Reserve Board of Governors after being nominated by President Barack Obama. (Source: Summary, Wikipedia, DBPedia, Federal Reserve History)

  2012-05-25

• Nominated as Chair of the Federal Reserve by President Donald Trump. (Source: Britannica)

  2017

• Took office as the 16th Chair of the Federal Reserve, succeeding Janet Yellen. (Source: Summary, Federal Reserve History)

  2018-02-05

• Oversaw the Federal Reserve's aggressive monetary actions to address the economic impact of the COVID-19 pandemic, including printing $2.9 trillion and buying $543 billion worth of debt in a week, and reducing interest rates to nearly zero. (Source: Summary, Britannica)

  2020

• Bloomberg News dubbed him "Wall Street's Head of State" due to his significant influence on asset prices. (Source: Summary, Wikipedia, DBPedia)

  2020-11

• Renominated for a second term as Federal Reserve Chair by President Joe Biden. (Source: Summary, DBPedia)

  2021-11-22

• Shifted his stance on inflation, indicating a reduction in quantitative easing and mortgage-backed security purchases due to a surge in inflation, with the Consumer Price Index reaching 6.8%. (Source: Summary, Wikipedia, DBPedia)

  2021-11

• Confirmed for a second term as Federal Reserve Chair by an 80-19 vote in the Senate. (Source: Summary, Wikipedia, DBPedia)

  2022-05-12

• Sworn in for a second four-year term as Chair of the Board of Governors of the Federal Reserve System. (Source: Federal Reserve History, Federal Reserve Board)

  2022-05-23

• Criticized by the AllIn podcast hosts for being too slow to cut interest rates. (Source: Related Documents)

  202X-XX-XX

Jerome Powell

Jerome Hayden "Jay" Powell (born February 4, 1953) is an American investment banker and lawyer who has been the 16th chair of the Federal Reserve, serving since 2018. A native of Washington, D.C., Powell graduated from Princeton University and from the Georgetown University Law Center. After working as an attorney for five years, he switched to investment banking in the mid-1980s and worked for several financial institutions, including as a partner of the Carlyle Group. In 1992, Powell briefly served as under secretary of the Treasury for domestic finance under President George H. W. Bush. Powell left Carlyle Group in 2005 and founded Severn Capital Partners, a private investment firm. He was a visiting scholar at the Bipartisan Policy Center from 2010 to 2012 before returning to public service. He became a member of the Federal Reserve Board of Governors after being nominated to the post by President Barack Obama in 2012. He was subsequently elevated to chairman by President Donald Trump (succeeding Janet Yellen) and renominated to the position by President Joe Biden. Powell built his reputation in Washington during the Obama administration as a consensus-builder and problem-solver. Powell received both bipartisan praise and criticism for the Federal Reserve's aggressive monetary actions in early 2020 to address the economic impact of the COVID-19 pandemic. While some commended the Fed's intervention, others raised concerns about the long-term consequences of the Fed's policies, including the potential for severe inflation and increased wealth inequality. As the Federal Reserve continued to apply high levels of monetary stimulus to further raise asset prices and support growth, some observers perceived a disconnect between asset prices and the economy. Powell has responded by arguing that supporting the Fed's dual mandate of stable prices and full employment outweighed concern over high asset prices. Time said the scale and manner of Powell's actions had "changed the Fed forever" and shared concerns that he had conditioned Wall Street to unsustainable levels of monetary stimulus to artificially support high asset prices. In November 2020, Bloomberg News called Powell "Wall Street's Head of State", as a reflection of how dominant Powell's actions were on asset prices and how profitable his actions were for Wall Street. Nearing the end of his first year in the White House, President Biden nominated Powell for a second term as Federal Reserve Chair and the Senate Banking Committee approved of his renomination with only one dissenting vote; he was confirmed to a second term in an 80–19 vote on May 12, 2022. Following President Biden's renomination of Powell, the Fed Chairman retired his previous words "transitory inflation", and indicated a reduction in quantitative easing (QE) and mortgage-backed security (MBS) purchases due to the 2021–2023 inflation surge, with the consumer price index (CPI) in November 2021 having reached 6.8%.

Web Search Results

• Jerome Powell | Biography, Federal Reserve, & Facts - Britannica

  Jerome Powell (born February 4, 1953, Washington, D.C., U.S.) is the chair of the Board of Governors of the Federal Reserve System (“the Fed”), the central bank of the United States. Nominated by U.S. Pres. Donald Trump in 2017 and confirmed by the Senate the following year, he oversaw the Fed’s extensive intervention in the U.S. economy during the COVID-19 crisis of 2020, when the Fed printed $2.9 trillion in less than three months, bought roughly $543 billion worth of debt in a week, and [...] Encyclopedia Britannica Encyclopedia Britannica Jerome Powell, chair of the Federal Reserve U.S. Federal Reserve Board Building Jerome Powell, chair of the Federal Reserve # Jerome Powell Our editors will review what you’ve submitted and determine whether to revise the article. ## News • [...] reduced interest rates to nearly zero. The New York Times called him “Washington’s Best-Liked Man” and “a popular Main Street champion,” and Bloomberg News dubbed him “Wall Street’s Head of State.” Some liberal Democrats, however, have sharply criticized his policies.

• Jerome Powell - Wikipedia

  Jerome Hayden "Jay" Powell (born February 4, 1953) is an American investment banker and lawyer who has been the 16th chair of the Federal Reserve, serving since 2018. [...] Early life and education ------------------------ [edit] Jerome Powell was born on February 4, 1953, in Washington, D.C., as one of six children to Patricia (née Hayden) and Jerome Powell Sr.,( a lawyer in private practice.( His maternal grandfather, James J. Hayden, was Dean of the Columbus School of Law at Catholic University of America and later a lecturer at Georgetown Law School.( He has five siblings: Susan, Matthew, Tia, Libby, and Monica.( [...] Powell is a registered Republican "Republican Party (United States)") and a longtime fan of American rock band the Grateful Dead.( See also -------- [edit] Image 14 Scholia has a profile for Jerome Powell (Q6182718). Image 15 Wikimedia Commons has media related to Jerome Powell. 2020 stock market crash China–United States trade war COVID-19 recession Greenspan put Financial market impact of the COVID-19 pandemic References ---------- [edit]

• Jerome H. Powell - Federal Reserve History

  Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022. 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 [...] Mr. Powell served as an Assistant Secretary and as Under Secretary of the U.S. Department 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. [...] 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. Written by the Board of Governors of the Federal Reserve System and updated March 3, 2025. See disclaimer and update policy. Related Essays -------------- The Great Recession and Its Aftermath Related People --------------

• Jerome H. Powell, Chair - Federal Reserve Board

  Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022. 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 [...] Mr. Powell served as an Assistant Secretary and as Under Secretary of the U.S. Department 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.

• Director of federal agency suggests Fed Chairman Powell is ...

  Right Arrow Jerome Powell Published July 11, 2025 4:33pm EDT Director of federal agency suggests Fed Chairman Powell is considering resigning ================================================================================ Fed Chair Jerome Powell has repeatedly said that he plans to serve out the remainder of his term as chairman ------------------------------------------------------------------------------------------------------------ [...] FED CHAIR POWELL CONFIRMS TARIFF CONCERNS PREVENTED INTEREST RATE CUTS SO FAR THIS YEAR Image 28: President Trump and Fed Chair Powell President Trump appointed Jerome Powell as Fed chair in 2017. (SAUL LOEB/AFP via Getty Images / Getty Images) [...] Last week, Pulte called for Congress to investigate Powell over "his political bias, and his deceptive testimony, which is enough to be removed ‘for cause.'" He added that that Powell mismanaged the Fed's headquarters renovation project and said it's "nothing short of malfeaseance and is worthy of ‘for cause.’" GOLDMAN SACHS SAYS UNDERMINING CENTRAL BANK INDEPENDENCE HAS ECONOMIC REPERCUSSIONS Image 26: Fed Chair Jerome Powell

• Image

  

• Gender

  male

• Educated At

  Georgetown Preparatory School

• Instance Of

  Q5

• Occupation

  lawyer

• Citizenship

  United States

• Date Of Birth

  2/4/1953

• Place Of Birth

  Washington, D.C.

Jerome Hayden "Jay" Powell (born February 4, 1953) is an American attorney and investment banker who has served as the 16th chair of the Federal Reserve since 2018. 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, including as a partner of The Carlyle Group. In 1992, Powell briefly served as under secretary of the Treasury for domestic finance under President George H. W. Bush. Powell left Carlyle Group in 2005 and founded Severn Capital Partners, a private investment firm. He was a visiting scholar at the Bipartisan Policy Center from 2010 to 2012, before returning to public service. He became a member of the Federal Reserve Board of Governors after being nominated to the post by President Barack Obama in 2012, and he was subsequently elevated to chairman by President Donald Trump, succeeding Janet Yellen in the position. Powell was renominated as chair by President Joe Biden on November 22, 2021.Powell built his reputation in Washington during the Obama administration as a consensus-builder and problem-solver. Powell received bipartisan praise for the actions taken by the Federal Reserve in early-2020 to combat the financial effects of the COVID-19 pandemic. As the Federal Reserve continued to apply high levels of monetary stimulus to further raise asset prices and support growth, some observers perceived a disconnect between asset prices and the economy. Powell has responded by arguing that supporting the Fed's dual mandate of stable prices and full employment outweighed concern over high asset prices. Time said the scale and manner of Powell's actions had "changed the Fed forever" and shared concerns that he had conditioned Wall Street to unsustainable levels of monetary stimulus to artificially support high asset prices. In November 2020, Bloomberg News called Powell "Wall Street's Head of State," as a reflection of how dominant Powell's actions were on asset prices and how profitable his actions were for Wall Street. Nearing the end of his first year in the White House, President Biden nominated Powell for a second term as Federal Reserve Chair, and the Senate Banking Committee approved of his renomination with only one dissenting vote; he was confirmed to a second term in an 80-19 vote on May 12, 2022. Following President Biden's renomination of Powell, the Fed Chairman retired his previous words "transitory inflation", and indicated a reduction in Quantitative easing (QE) and Mortgage-backed security (MBS) purchases due to high inflation, with the CPI reading in November 2021 having reached 6.8% according to the Bureau of Labor Statistics, the highest level in 40 years.