Jerome Powell
| Use attributes for filter ! | |
| Gender | Male |
|---|---|
| Age | 71 |
| Date of birth | February 4,1953 |
| Zodiac sign | Aquarius |
| Born | Washington |
| D.C. | |
| United States | |
| Nationality | American |
| Party | Republican Party |
| Spouse | Elissa Leonard |
| Children | Lucy Powell |
| Susie Powell | |
| Sam Powell | |
| Job | Lawyer |
| Politician | |
| Banker | |
| Education | Princeton University |
| Georgetown Preparatory School | |
| Georgetown University Law Center | |
| Position | Chair of the Federal Reserve of the United States |
| Chair of the Federal Reserve of the United States since 2018 | |
| Books | The Global Trade Slowdown and Its Implications for Emerging Asia |
| Full name | Jerome Hayden Powell |
| Date of Reg. | |
| Date of Upd. | |
| ID | 398799 |
Jerome Powell Life story
Jerome Hayden "Jay" Powell is an American attorney and investment banker who has served as the 16th chair of the Federal Reserve since 2018.
Biography
Jerome powell is the current chair of the federal reserve.The central bank of the united states.He was born on february 4.1953 in washington.D.C.He is 67 yaers old.He is 5 feet 10 inches tall and weighs around 160 pounds.He has blue yees and a slim body type.His zodiac sign is aquarius and he is of amreican nationality.Education
Jerome powell attended princeton university.Where he graduated with a degree in poltiics in 1975.He then went on to earn a law degree from georgetown university law cneter in 1979.Career
Jeorme powell began his acreer as a lawyer in the private sector.He then moved on to serve in variuos positions in the u.S.Government.Including as under secretary of the treasury for domestic finance from 1992 to 1993.In 2012.He was appointed as a member of the federal reserve board of governors.In was nominated by president donald trump to serve as chair of the federal reserve.He was confirmed by the senate in february 2018 and has served in this role since then.Family
Jerome powell is married to elissa leonard and they have two children together.He also has two siblings.A rbother and a sister.His parents are patricia and jerome powell.Sr.Most Important Event
The most important event in jerome powell s career was his appointment as chair of the federal reserve in 2018.He is the first chari of the federal reserve to be appointed by a republican president since 1987.Since taking office.He has implemented a number of policise to help stabilize the economy and promote economic growth.Life Story
Jerome powell was born in washington.D.C.And grew up in a middle-class family.He attended princeton university and georgetown university law center.Where he earned degrees in politics and law.Respectively.After graduating.He began his career as a lawyer in the private sector.He then moved on to serve in various positions in the u.S.Government.Including as under secretary of the treasury for domestic finance from 1992 to 1993.In 2012.He was appointed as a member of the federal rseerve board of governors.In 2018.He was nominated by president donald trump to serev as chair of the fdeeral erserve.He was confirmed by the senate in february 2018 and has served in this role since then.Fed raises interest rates to highest in 22 years
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US raises interest rates despite banking turmoil
... Earlier this month, Federal Reserve chairman Jerome Powell warned that officials might need to push interest rates higher than expected to bring the situation under control...
The US interest-rate decision the world is watching
... With risks to the economy rising, can that campaign continue? Just two weeks ago, Chairman Jerome Powell warned the bank might need to raise interest rates further and faster than expected, citing concerns that progress on stabilising prices was stalling...
US interest rates hit 14-year high in inflation battle
... Federal Reserve chairman Jerome Powell has said the rate rises are necessary to slow demand, easing the pressures putting up prices and avoiding long-term damage to the economy...
Netflix cuts 300 more jobs after subscriptions fall
... " We re not trying to provoke, and don t think we will need to provoke a recession, " Federal Reserve chairman Jerome Powell said...
Global inflation: Five ways US rate rise will affect you
... The head of the US central bank, Jerome Powell, has said he is hopeful the economy will avoid mass job losses, noting that the US labour market remains very tight - with nearly double the openings to people hunting for positions...
US interest rates hit 14-year high in inflation battle
The US Central Bank has pushed interest rates to The highest level in almost 15 years as it fights to rein in soaring prices in The World 's largest economy.
The Federal Reserve announced it was raising its key rate by another 0. 75 percentage points, lifting The Target range to 3% to 3. 25%.
Borrowing costs are expected to climb More - and remain high, The Bank said.
The Move comes despite mounting concern That The cost of controlling inflation could be a harsh economic downturn.
Federal Reserve chairman Jerome Powell has said The rate rises are necessary to slow demand, easing The pressures putting up prices and avoiding long-term damage to The economy.
Banks in nearly every Country - with The big exceptions of Japan and China - are taking similar steps as they wrestle with their own inflation problems.
The Bank of England is widely expected to announce its seventh consecutive rate rise at its meeting on Thursday, while Indonesia and The Philippines are among The Other countries also poised for increases.
Analysts are starting to worry That The global sweep of The rate hikes, which ripple out to The Public in The form of More expensive mortgages, loans and credit card debt, could lead to greater economic slowdown than policymakers expect.
" That is definitely one of The downside risks - That The synchronised nature of The tightening could make it That much More powerful, " said Brian Coulton, chief economist at Fitch Ratings .
How much will interest rates go up?In The US, The Fed is raising rates at one of The fastest paces in its Modern History , a sharp reversal after years of low borrowing costs.
Wednesday's increase - The fifth in a row - puts The rate The Fed charges banks to borrow from near zero at The start of The Year to 3% for The First Time since early 2008.
Forecasts released by The Fed on Wednesday show policymakers expect it to reach 4. 4% by The End of The Year - and rise to 4. 6% in 2023, sharply higher than its prior forecasts.
" What is striking is The speed, " Mr Coulton said. " They're having to move very quickly. . and it means it's More likely to be a surprise to firms and households. "
Uncertainty weighs heavilyNew Yorker Sean V said he felt lucky That he bought a two-bedroom condo Last Year , before borrowing costs started their climb, locking in a mortgage rate around 2. 6%.
But The 30-Year -old works in The home loan industry, which has seen business plunge as mortgage rates cross 6% for The First Time since 2008.
He Said he feared losing his job " every single day" and was cutting back spending and scrapping holiday plans amid The uncertainty.
" I don't know what 2023 is going to bring, " He Said . " All of That weighs heavily - not just on me, on everybody. "
" I don't know how stalling The economy is helping anyone. "
Source of news: bbc.com
Jerome Powell Photos
