Search results
Results from the WOW.Com Content Network
Jerome Hayden "Jay" Powell (born February 4, 1953) is an American investment banker and lawyer serving since 2018 as the 16th chair of the Federal Reserve. A native of Washington, D.C. , Powell graduated from Princeton University and from the Georgetown University Law Center . [ 2 ]
The current chairman is Jerome Powell, who was sworn in on February 5, 2018. [4] [5] He was nominated to the position by President Donald Trump on November 2, 2017, [6] and later confirmed by the Senate. He was subsequently nominated to a second term by President Joe Biden, later confirmed by the Senate and sworn in on May 23, 2022. [7] [8]
The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell's last full one at the helm of the U.S. central bank, with his four ...
Federal Reserve Chair Jerome Powell said he won't step down if President-elect Donald Trump, who has previously criticized Powell's performance, asks him to resign.
Trump, however, has threatened to remove Powell from his post on several occasions after the central bank raised interest rates in 2018 and even called Powell “the enemy” in 2019.
Fed Chair Jerome Powell plans to tell lawmakers Wednesday that interest rate cuts are likely in 2024 but that the central bank will proceed cautiously as it evaluates whether inflation is cooling ...
For premium support please call: 800-290-4726 more ways to reach us
This idea would lay out a post-Powell Fed path even while he's still in office, and "based on the concept of forward guidance, no one is really going to care what Jerome Powell has to say anymore ...