Jerome H. Powell

Jerome H. “Jay” Powell is an American lawyer and former investment banker who serves as the chair of the U.S. Federal Reserve, the country’s central bank.wikipedia+1​

Current role

  • Powell has been chair of the Board of Governors of the Federal Reserve System since February 5, 2018, making him the 16th person to hold this position.wikipedia+1​
  • His second four‑year term as chair began on May 23, 2022, and he also chairs the Federal Open Market Committee, which sets U.S. monetary policy.federalreservehistory+1​

Background and career

  • Powell was born on February 4, 1953, in Washington, D.C., and earned an A.B. in politics from Princeton University (1975) and a law degree from Georgetown University (1979).wikipedia+1​
  • He worked as a lawyer and in investment banking, including as a partner at The Carlyle Group from 1997 to 2005, before launching his own private equity firm.investopedia+1​

Government service

  • Powell served in the U.S. Treasury Department under President George H. W. Bush, including as Under Secretary of the Treasury for Domestic Finance from 1992 to 1993.ballotpedia+1​
  • He joined the Federal Reserve Board of Governors in 2012 after being nominated by President Barack Obama and has remained on the Board since then.investopedia+1​

Notable actions as Fed chair

  • As chair, Powell oversaw major interventions during the COVID‑19 crisis, including cutting interest rates near zero and large‑scale asset purchases to stabilize financial markets.britannica+1​
  • He later led a series of interest rate increases to combat high inflation, making his tenure central to recent U.S. economic and financial conditions.cnbc+1​
  1. https://en.wikipedia.org/wiki/Jerome_Powell
  2. https://www.federalreservehistory.org/people/jerome-h-powell
  3. https://www.britannica.com/money/Jerome-Powell
  4. https://www.cnn.com/2026/01/11/business/federal-prosecutors-criminal-investigation-federal-reserve-chair-jerome-powell
  5. https://ballotpedia.org/Jerome_Powell
  6. https://www.investopedia.com/jerome-powell-5210572
  7. https://www.cnbc.com/jay-powell/
  8. https://www.nytimes.com/2017/11/02/business/economy/jerome-powell-fed-chairman.html
  9. https://en.wikipedia.org/wiki/Chair_of_the_Federal_Reserve
  10. https://www.forbes.com/profile/jerome-h-powell/