Jerome Powell

Jerome Powell

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Jerome Hayden "Jay" Powell is an American central banker and attorney who has been the 16th chair of the Federal Reserve since 2018. He was previously both a lawyer and investment banker in the private sector before entering public service.

Standing...

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Center
Powell is under pressure as AI-related inflation undermines the Fed's usual assumption that falling tech prices keep inflation low.
Centrists view his rate decisions as the core test of economic competence, with higher interest rates threatening mortgages, credit and jobs.
Far Left
Fed holds interest rates steady despite Trump's calls to cut, citing inflation from energy prices.
Frustrates those hoping for lower rates to ease housing and debt burdens, with rising energy costs linked to unstable Iran peace deal.
Far Left
Powell is departing the Fed chairmanship, and reporting indicates Trump's chosen replacement will likely maintain similar interest rate policy, which Trump will find infuriating.
Far left critics view Powell and any replacement as instruments of financial sector interests regardless of Trump's complaints, seeing the Fed itself as a structurally undemocratic institution that prioritizes creditors and asset holders over workers and debtors.

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