Jerome Powell

Jerome Powell is an American former lawyer and former investment banker, who has been serving as the 16th chair of the 'Federal Reserve System' since February 2018. He is the first ‘Federal Reserve’ chairman who does not have a degree in economics. A law graduate from the 'Georgetown University Law Center,' Powell practiced law at a couple of law firms for a few years in his early career. He then turned toward investment banking and worked at 'Dillon, Read & Co.' Following this, Powell served the ‘United States Department of the Treasury’ and then the 'Bankers Trust.' His successful stint at the 'Bipartisan Policy Center' led to his nomination to the ‘Federal Reserve Board of Governors’ in Obama's administration in 2012. Powell was nominated again in 2014 for a 14-year-long term. President Donald Trump nominated him to the position of the ‘Federal Reserve’ chair in 2017, a decision he later regretted. His support of the rising interest rates in the U.S. has drawn the president’s criticism time and again.