Jerome Powell: The Man Behind the Federal Reserve and His Impact on the Global Economy
Introduction: Jerome Powell may not be a household name to everyone, but in the world of finance and economics, he is one of the most powerful figures alive. As the Chair of the U.S. Federal Reserve, Powell plays a crucial role in steering the American economy—affecting inflation, interest rates, jobs, and even your mortgage. But who is Jerome Powell, and why do investors around the globe hang on his every word? 🔍 Who Is Jerome Powell? Jerome Powell is an American attorney and investment banker who became the 16th Chair of the Federal Reserve in 2018. Unlike most of his predecessors, Powell is not an economist by training—a fact that initially drew skepticism. However, his practical approach and calm demeanor quickly earned him respect on Wall Street and in Washington. Before becoming Fed Chair, Powell served as a partner at private equity firm Carlyle Group and held positions in both public and private sectors. His diverse background is part of what makes his leadership st...