CBAI looks forward to working with Jerome H. Powell as the new Chairman of the Federal Reserve Board. President Trump nominated Powell on November 2, 2017, and he was sworn into office by the Fed’s Vice Chairman for Supervision, Randy Quarles, on February 5, 2018.
Powell has been a member of the Federal Reserve Board since May of 2012 when he was appointed to fill an unexpired term. He was reappointed in 2014 for a term ending in January of 2028. Powell succeeded Janet Yellen who served as Fed’s chair since 2014 and previously as vice chair. Powell brings to the position a wealth of experience in banking, finance and regulation with the Bipartisan Policy Center (D.C.), The Carlyle Group, and as Assistant Secretary and Undersecretary of the Department of Treasury (under President George H.W. Bush).