Federal Reserve Chair Jay Powell Thursday explained more about how the central bank is remaking itself to keep intact the structure of an enfeebled economy and he joined the chorus of voices warning against returning to work too soon. “Many of the programs that we’re undertaking to support the flow of credit rely on emergency […]
Tag: Jerome Powell
White House Watch: Trump says he has ‘right’ to remove Powell as Fed chairman, while Senate considers virus response legislation. The NIH’s Tony Fauci Saturday repeated his warning that the coronavirus fatalities will continue to mount in the US in a briefing in which president Trump confirmed travel from the UK and Ireland is being […]
Central bank Governors meeting at the Bank for International Settlements (BIS), a hub for central banks and other financial regulatory and supervisory authorities, made a number of appointments to lead key central bank groups. Jerome Powell, chair of the Board of Governors of the Federal Reserve System, has been named chair of the Global Economy Meeting (GEM) and the Economic Consultative Committee, after consultations […]
Jerome Powell has been nominated by President Donald Trump as the next chairman of the US Federal Reserve.
Powell is currently a member of the board of governors of the Federal Reserve, after being sworn in on May 25, 2012, to fill an unexpired term. He was reappointed and sworn in on June 16, 2014, for a term ending January 31, 2028.
Prior to his appointment to the board, Powell was a visiting scholar at the Bipartisan Policy Center in Washington, DC, where he focused on federal and state fiscal issues. From 1997 through 2005, Powell was a partner at the Carlyle Group.