Jerome Hayden “Jay” Powell (born February 4, 1953) is the 16th and current Chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Fed Chair position by President Donald Trump, and confirmed by the United States Senate.
Powell earned a degree in politics from Princeton University in 1975 and a Juris Doctor from Georgetown University Law Center in 1979. He moved to investment banking in 1984, and has since worked for several financial institutions. He briefly served as Under Secretary of the Treasury for Domestic Finance under President George H. W. Bush in 1992. More recently, he was a visiting scholar at the Bipartisan Policy Center from 2010 to 2012. He has served as a member of the Federal Reserve Board of Governors since 2012. He is the first Chair of the Federal Reserve to not hold a Ph.D. in Economics since 1987.
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Jerome Powell
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| 16th Chair of the Federal Reserve | |
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Incumbent
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| Assumed office February 5, 2018 |
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| President | Donald Trump |
| Deputy | Richard Clarida |
| Preceded by | Janet Yellen |
| Member of the Federal Reserve Board of Governors | |
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Incumbent
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| Assumed office May 25, 2012 |
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| President | Barack Obama Donald Trump |
| Preceded by | Frederic Mishkin |
| Under Secretary of the Treasury for Domestic Finance | |
| In office 1992–1993 |
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| President | George H. W. Bush |
| Preceded by | Robert R. Glauber |
| Succeeded by | Frank N. Newman |
| Personal details | |
| Born |
Jerome Hayden Powell
February 4, 1953 |
| Political party | Republican |
| Spouse(s) |
Elissa Leonard (m. 1985)
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| Children | 3 |
| Residence | Chevy Chase, Maryland, U.S. |
| Education | Princeton University (BA) Georgetown University (JD) |
| Net worth | $112 million |
