Jerome Powell

Jerome Hayden “Jay” Powell, born in 1953) is the current president of the Federal Reserve, the American central bank. He was nominated by Donald Trump, President of the United States, and confirmed by the Senate. He replaces Janet Yellen as head of the central institute. He has many years of experience in investment banking.

Powell is a JD from Georgetown University in 1979. He entered the investment banking industry in 1984 and has since worked for various financial institutions. He served as Under Secretary of the Treasury for National Finance under President George H. W. Bush in 1992 and was a visiting academic at the Bipartisan Policy Center from 2010 to 2012. As of 2012, he is board of governors of the Federal Reserve.

Powell pursues more accommodative monetary policy than the average among Fed decision-making board members. Other pundits deem him "neutral." Jerome Powell has been notoriously against starting the third round of quantitative easing that started in 2012, although he has voted in favor of implementation.

Read more: Who is Jerome Powell, the new Fed chairman? Origins, biography and monetary policy

Jerome Powell, ultimi articoli su Money.it International

WSJ Claims Trump Could Shrink the Fed’s Autonomy

James Hydzik

26 April 2024 - 23:35

WSJ Claims Trump Could Shrink the Fed's Autonomy

The Wall Street Journal claims that a plan is being drawn up by former president Trump’s allies that would give him a direct say in setting interest rates, should he become president.

Fed "not far" from rate cuts: these 3 factors will influence its decision

Lorenzo Bagnato

8 March 2024 - 12:41

Fed "not far" from rate cuts: these 3 factors will influence its decision

The Federal Reserve will start cutting rates soon. Here are 3 factors that weigh on this decision.

Powell ponders interest rate cuts as 2024 US election nears

Lorenzo Bagnato

6 March 2024 - 19:49

Powell ponders interest rate cuts as 2024 US election nears

Jerome Powell ensured Congress that cuts were coming in 2024. The question remains whether it will be before or after the November US elections.

Fed yearns for Biden’s second term, sets interest rates on "higher for longer"

Lorenzo Bagnato

21 September 2023 - 17:13

Fed yearns for Biden's second term, sets interest rates on "higher for longer"

The Federal Reserve kept interest rates unchanged at their latest meeting, signaling only one more hike in this cycle.

Here’s how US unemployment will decide the Fed’s policy

Lorenzo Bagnato

28 August 2023 - 12:43

Here's how US unemployment will decide the Fed's policy

Monday’s unemployment data will be crucial for the Federal Reserve to decide whether or not to increase interest rates again in September.

"Stronger than expected": Fed could keep tightening rates as inflation persists

Lorenzo Bagnato

27 July 2023 - 10:45

"Stronger than expected": Fed could keep tightening rates as inflation persists

At the expenses of markets and the economy, the Federal Reserve might continue increasing interest rates, Jerome Powell said.

Insight: Fed presents a new index to measure financial conditions

Money.it

18 July 2023 - 07:00

Insight: Fed presents a new index to measure financial conditions

This move allows the Fed to move away from other models of financial conditions, such as those formulated by Goldman Sachs.

As inflation remains too high, central bankers intend to raise interest rates

Lorenzo Bagnato

28 June 2023 - 18:34

As inflation remains too high, central bankers intend to raise interest rates

Christine Lagarde and Jerome Powell both agreed interest rates need to go up in the near future.

Insight: the banking crisis is inevitable

Money.it

5 June 2023 - 16:26

Insight: the banking crisis is inevitable

Nearly half of America’s 4,800 banks have already burned through their capital buffers and the Fed has chosen not to help them.