Jerome Powell serves as the current Chair of the Federal Reserve, the U.S. central banking system. Appointed in 2018, his leadership critically shapes monetary...
He was initially nominated by President Donald Trump in November 2017 and began his term on February 5, 2018. He was re-nominated by President Joe Biden in 2021.
The Chair is the principal spokesperson for the Federal Reserve System and is responsible for setting the agenda for Federal Open Market Committee (FOMC) meetings and executing monetary policy.
As Federal Reserve Chair, Powell's decisions on interest rates, quantitative easing, and other monetary policies significantly influence inflation, employment, and economic growth in the U.S. and globally.
His tenure has involved navigating the economic fallout from the COVID-19 pandemic, managing high inflation, and steering the economy through periods of significant uncertainty and global instability.