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
... " We re going to be going meeting by meeting, " bank chairman Jerome Powell said at a press conference following the announcement...
Federal Reserve chair Jerome Powell pranked by Russians
... A video call with Federal Reserve chairman Jerome Powell was shared on Russian television from the duo, whose prior targets include Prince Harry and former German Chancellor Angela Merkel...
Do Instagram and TikTok mean banks are less safe?
... Silicon Valley Bank saw the fastest bank run in US history according to the head of the US central bank, Jerome Powell...
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 raises interest rates despite banking turmoil
The US Central Bank has raised interest rates again, despite fears that The Move could add to financial turmoil after a string of recent Bank failures.
The Federal Reserve increased its key rate by 0. 25 percentage points and said more action could be " appropriate" as consumer prices continue to climb.
The Fed has been raising borrowing costs to try to slow The economy and ease pressures pushing up prices.
But sharp rate rises have led to strains in The banking system.
Two US Banks - Silicon Valley Bank and Signature Bank - collapsed this month, buckling in part due to problems caused by higher interest rates.
But authorities around The World have said they do not think The Failures threaten widespread financial stability and need not distract from efforts to bring inflation Under Control .
Last week, The European Central Bank raised its key interest rate by 0. 5 percentage points.
The Bank of England is due to make its own interest rate decision on Thursday, A Day after official figures showed that inflation.
In a statement, The Fed said The US banking system was " sound and resilient".
But it said The banking turmoil could drag on growth and toned down earlier statements which said higher interest rates were likely to be needed in The months ahead.
Instead, The Fed said: " some additional policy firming may be appropriate".
Economic impactWednesday's move marks The Ninth rate rise in a row by The Fed. It lifts its key interest rate to 4. 75%-5%, up from near zero a year Ago - The highest level since 2007.
Higher interest rates mean The cost to buy a home, borrow to expand a business or take on other debt goes up.
By making such activity more expensive, The Fed expects demand to fall, cooling prices.
That has started to happen in The US housing market, where purchases have slowed sharply over The Last Year and The median sales price in February was lower than it was a year Ago - The First such decline in More Than a decade.
But overall The economy has held up better than expected and prices continue to climb faster than The 2% rate considered healthy.
Inflation, The rate at which prices climb, jumped 6% in The 12 Months to February. The cost of some items, including food and airfare, is surging even faster.
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 .
Related TopicsSource of news: bbc.com
Jerome Powell Photos
