Jerome Powell — SPARQNOW

At-a-Glance

Serves as the 16th Chair of the Federal Reserve since 2018
Founded Severn Capital Partners, a private investment firm
Served as Under Secretary of the Treasury for Domestic Finance in 1992
Previously a partner at the Carlyle Group
Served as a member of the Federal Reserve Board of Governors from 2012 to 2018
Graduated from Princeton University and Georgetown University Law Center

Biography

Jerome Hayden "Jay" Powell is an American investment banker and lawyer who has served as the 16th Chair of the Federal Reserve since 2018. A native of Washington, D.C.

, he was initially nominated to the Federal Reserve Board of Governors by President Barack Obama in 2012. He was subsequently elevated to chairman by President Donald Trump, succeeding Janet Yellen, and renominated to the position by President Joe Biden for a second term, confirmed in May 2022.