Date of Birth: February 4, 1953
Zodiac Sign: Aquarius
Biography
Jerome Hayden Powell is an American public servant who has been serving as the 16th Chair of the Federal Reserve since February 2018. Born in Washington, D.C., Powell began his career in investment banking before transitioning to public service. He attended Princeton University, earning a Bachelor of Arts in politics in 1975, and later received his Juris Doctor from Georgetown University Law Center in 1979. Powell’s professional journey includes roles at Dillon, Read & Co., the U.S. Department of the Treasury under President George H.W. Bush, and the Carlyle Group. His tenure at the Federal Reserve began in 2012 when he was appointed to the Board of Governors, and he was eventually nominated as Chair by President Donald Trump. Powell has been instrumental in navigating the U.S. economy through various challenges, including the COVID-19 pandemic.
5 Interesting Facts about Jerome Powell
1. Jerome Powell is the first Federal Reserve Chair in over 40 years without a Ph.D. in economics.
2. He was a managing partner at the private equity firm, The Carlyle Group, before joining the Federal Reserve.
3. Powell is known for his pragmatic approach to monetary policy, often emphasizing data-driven decisions.
4. He played a pivotal role in the Federal Reserve’s response to the economic impact of the COVID-19 pandemic.
5. Powell’s confirmation as Chair of the Federal Reserve was notably bipartisan, receiving strong support from both Republicans and Democrats.
5 Most Interesting Quotes from Jerome Powell
1. “We will act as appropriate to sustain the expansion.”
2. “The U.S. economy is in a good place.”
3. “Our job is to ensure that the Federal Reserve is a place of excellence.”
4. “The central bank must remain vigilant and flexible in addressing economic challenges.”
5. “Inflation is something we watch very closely.”
Highest Net Worth Achieved
Jerome Powell’s highest net worth is estimated to be approximately $50 million.
Children
Jerome Powell and his wife, Elissa Leonard, have three children. They are Samuel, Susie, and Lucy Powell.
Relevant Links
1. [Federal Reserve Biography](https://www.federalreserve.gov/aboutthefed/bios/board/powell.htm
2. [Jerome Powell’s Profile on Bloomberg](https://www.bloomberg.com/profile/person/1514763
3. [Jerome Powell on Wikipedia](https://en.wikipedia.org/wiki/Jerome_Powell
4. [New York Times Article on Jerome Powell](https://www.nytimes.com/topic/person/jerome-h-powell
