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...

Stories...

Lean Right
The Federal Reserve raised interest rates for the first time in years, impacting borrowing costs and savings rates.
Lean Right is critical of the Fed's timing, arguing it hurts small businesses and working families while doing little to address root inflation caused by reckless government spending.
Far Left
Federal Reserve chair, facing market turmoil from war and deficits, as bonds and stocks swing wildly.
The far left sees him as a tool of financial elites, managing crises for banks while ordinary people suffer inflation and housing costs, reinforcing distrust of central banks.
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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