jerome powell

Trump nominated Jerome H. Powell of Maryland to be Chairman of the Board of Governors of the Federal Reserve System for a term of four years

Based on public filings, as of 2019, Powell's net worth was estimated to be in a range between $20 and $55 million. Powell has served on the boards of

Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022.

He became a member of the Federal Reserve Board of Governors upon President Barack Obama's nomination in 2012. President Donald Trump elevated Powell to Chair in 2018 and President Joe Biden renominated him in 2021. As a Fed governor, Powell built a reputation during the 2010s as a consensus-builder in Washington.