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Powell Appointed as Fed Chair in 2018
Jerome Hayden Powell's Tenure as Chairman
Jerome Hayden Powell, born February 4, 1953, has held the position of Chair of the Board of Governors of the Federal Reserve System since 2018. Powell's appointment marked the beginning of his four-year term, which commenced on February 5, 2018. Prior to his appointment as Chair, Powell served as a member of the Board of Governors since 2012.
Powell's Economic Policies
As Chair of the Federal Reserve, Powell has overseen the implementation of various economic policies. One significant move involved gradually raising interest rates in an effort to curb inflation. Additionally, under Powell's leadership, the central bank has continued to reduce its balance sheet, a process known as quantitative tightening.
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