S&P 500 Drops from Record High as Bank Shares Helped Prevent Stock Market Freefall
By Benjamin Godfrey April 15th, 2021
The general losses in the stock market were cushioned by bank shares after their better-than-expected earnings releases.
Jerome Powell
Jerome Hayden “Jay” Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018.
About
Jerome Hayden “Jay” Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Fed Chair position by President Donald Trump, and confirmed by the United States Senate.
Powell earned a degree in politics from Princeton University in 1975 and a Juris Doctor from Georgetown University Law Center in 1979. He moved to investment banking in 1984, and has since worked for several financial institutions. He briefly served as Under Secretary of the Treasury for Domestic Finance under President George H. W. Bush in 1992. More recently, he was a visiting scholar at the Bipartisan Policy Center from 2010 to 2012. He has served as a member of the Federal Reserve Board of Governors since 2012. He is the first Chair of the Federal Reserve since 1987 not to hold a Ph.D. degree in Economics.
Powell has faced substantial and repeated criticism from President Donald Trump after his confirmation.
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- Main Organizations:
Federal Reserve
- Born:
Thu, Feb 5th, 1953
- Nationality:
American
- Location:
Chevy Chase, Maryland, United States
- Education:
Princeton University (BA) (1972-1975)
Georgetown University (JD) (1979)
- Current Projects:
Federal Reserve - Chair
Federal Reserve Board of Governors - Member - Previous Projects:
Treasury for Domestic Finance - Under Secretary, (1992–1993)
Community
News About Jerome Powell
Nasdaq Composite Leads Index Gains as S&P 500 Records New High
By Benjamin Godfrey April 9th, 2021
The Federal Reserve Chairman Jerome Powell noted on Thursday that the economy is yet to see a well-rounded recovery from the pandemic.
US Stock Market Remains Upbeat as Fed Chairman Shows Optimism on Economic Recovery
By Bhushan Akolkar March 25th, 2021
The US Treasury Secretary Janet Yellen said that the banks are in a healthy condition and could pay dividends and repurchase stocks. The Biden administration is further mulling a $3 trillion stimulus for economic recovery.
Streaming Tokens Dominate Market as Bitcoin Whale Trend Signals $60K Adversity
By John Kiguru March 23rd, 2021
Streaming tokens are performing exceptionally, meanwhile, Bitcoin is stuck under $60K. To exacerbate Bitcoin’s situation, whale transfers to retailers suggest the onset of a short-term bear trend.
Fed Chair Jerome Powell: Bitcoin Is More Substitute for Gold than Dollar
By Steve Muchoki March 23rd, 2021
Jerome Powell noted that the coronavirus crisis has accelerated digital payments adoption and innovation.