Who Is Jerome Powell, The Fed’s New Chairman?by Forbes Middle East Forbes Middle East - Business News
Jerome Powell became chairman of the U.S. central bank, better known as the Federal Reserve (Fed), on February 3, 2018. Recommended Features
- Donald Trump
- Federal Reserve
- Janet Yellen
- jerome powell
Review on Who Is Jerome Powell, The Fed’s New Chairman?His predecessor Janet Yellen is the first chairman of the Fed since World War II to serve only one four-year term, and was the first woman to hold that position.
Powell has inherited a healthier economy than Yellen did, with unemployment at 4.1 %, a 17-year low.
A former investment banker, Powell will be the first Fed chairman in 40 years who doesnt have a PhD in economics. Trained as a lawyer, Powell made his money (estimated between $20 million and $55 million in November 2017) as an investment managerhis appointment could play towards President Donald Trumps plan to loosen Wall Street regulations in order to push economic growth.
Related to Who Is Jerome Powell, The Fed’s New Chairman?
Created on Feb 6th 2018 01:11. Viewed 36 times.
No comment, be the first to comment.