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.