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Jerome Powell
American banker / From Wikipedia, the free encyclopedia
Jerome Hayden Powell (born February 4, 1953) is an American lawyer. He is the 16th and current Chair of the Federal Reserve since February 2018 and a member of the Federal Reserve Board of Governors and has served since 2012 upon being nominated by President Barack Obama.
Quick Facts 16th Chair of the Federal Reserve, President ...
Jerome Powell | |
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![]() Official portrait, 2022 | |
16th Chair of the Federal Reserve | |
Assumed office February 5, 2018 | |
President | Donald Trump Joe Biden |
Deputy | Richard Clarida Lael Brainard Philip Jefferson |
Preceded by | Janet Yellen |
Member of the Federal Reserve Board of Governors | |
Assumed office May 25, 2012 | |
Nominated by | Barack Obama |
Preceded by | Frederic Mishkin |
Under Secretary of the Treasury for Domestic Finance | |
In office April 7, 1992 – January 20, 1993 | |
President | George H. W. Bush |
Preceded by | Robert R. Glauber |
Succeeded by | Frank N. Newman |
Assistant Secretary of the Treasury for Financial Institutions | |
In office 1990 – April 7, 1992 | |
President | George H. W. Bush |
Preceded by | David W. Mullins Jr. |
Succeeded by | John Cunningham Dugan |
Personal details | |
Born | Jerome Hayden Powell (1953-02-04) February 4, 1953 (age 71) Washington, D.C., U.S. |
Political party | Republican[1] |
Spouse(s) |
Elissa Leonard (m. 1985) |
Children | 3 |
Education | Princeton University (BA) Georgetown University (JD) |
Signature | ![]() |
Jerome Powell outlines the Fed's semiannual monetary policy report at a Senate Banking Committee hearing Recorded February 26, 2019 |
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On November 2, 2017, President Donald Trump nominated Powell to serve as the next Chair of the Federal Reserve.[2] His nomination was confirmed by the United States Senate on January 31, 2018 and took office on February 5, 2018.