Jerome (Jay) Powell

Jerome 'Jay' Powell is the current Chairman of the Federal Reserve, having been appointed to the position in 2018 by President Donald Trump. Before his tenure at the Fed, Powell had a distinguished career in public service and finance, including roles at the U.S. Treasury and various private equity firms. He is known for his cautious approach to monetary policy, particularly in navigating interest rates amid economic uncertainty. Recently, Powell has been at the center of a political storm as President Trump has criticized his decisions and hinted at potentially replacing him before the end of his term in 2026, which has raised concerns about the independence of the Federal Reserve.