Fed, Jerome Powell
Digest more
When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs.
National Economic Council Director Kevin Hassett said Monday that he expects Federal Reserve Chair Jerome Powell to leave the central bank’s board of governors if he is “happy” with a forthcoming internal report on the Fed’s renovations,
The Federal Reserve said that outgoing Chair Jerome Powell would remain as its acting leader until Kevin Warsh, who was confirmed to a four-year term by the Senate this week, could be sworn in.