Jerome Powell
American attorney and investment banker
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| May 23 2022 | Powell was sworn in for his second term as Federal Reserve Chair. |
| May 23 2022 | Powell was sworn in for his second term as Federal Reserve Chair. |
| May 12 2022 | Confirmed to a second term as Federal Reserve Chair by the Senate in an 80-19 vote after nomination by President Biden |
| May 12 2022 | Confirmed to a second term as Federal Reserve Chair by the Senate in an 80-19 vote after nomination by President Biden |
| March 16 2022 | Senate Banking Committee favorably reported Powell's nomination to the Senate floor in a 22-1 vote, with Senator Elizabeth Warren voting against. |
| March 16 2022 | Senate Banking Committee favorably reported Powell's nomination to the Senate floor in a 22-1 vote, with Senator Elizabeth Warren voting against. |
| January 11 2022 | Senate Banking Committee held hearings on Powell's nomination. |
| January 11 2022 | Senate Banking Committee held hearings on Powell's nomination. |
| January 3 2022 | Powell's initial nomination expired and was returned to President Biden. |
| January 3 2022 | Powell's initial nomination expired and was returned to President Biden. |
| November 22 2021 | President Joe Biden renominated Powell for a second term as Federal Reserve Chair. |
| November 22 2021 | President Joe Biden renominated Powell for a second term as Federal Reserve Chair. |
| September 2021 | Senator Elizabeth Warren criticized Powell's financial regulation track record and opposed his leadership of the Federal Reserve. |
| September 2021 | Senator Elizabeth Warren criticized Powell's financial regulation track record and opposed his leadership of the Federal Reserve. |
| August 2021 | Progressive Democrats, including Alexandria Ocasio-Cortez, called for Powell's replacement, criticizing his approach to climate change risks. |
| August 2021 | Powell expected the Federal Reserve to reduce economic support later in the year and indicated an increase in tapering asset purchases up to $30 billion per month. |
| August 2021 | Powell expected the Federal Reserve to reduce economic support later in the year and indicated an increase in tapering asset purchases up to $30 billion per month. |
| August 2021 | Progressive Democrats, including Alexandria Ocasio-Cortez, called for Powell's replacement, criticizing his approach to climate change risks. |
| April 2021 | Powell reassured concerns over a potential housing bubble, stating there were no signs of unsustainable prices or bad loans. |
| April 2021 | Powell reassured concerns over a potential housing bubble, stating there were no signs of unsustainable prices or bad loans. |
| 2020 | Receives bipartisan praise for Federal Reserve actions to combat financial effects of the COVID-19 pandemic |
| 2020 | Receives bipartisan praise for Federal Reserve actions to combat financial effects of the COVID-19 pandemic |
| December 2020 | Powell's monetary policy is recorded as the loosest in the history of the Goldman Sachs US Financial Conditions Index, creating simultaneous asset bubbles across major asset classes. |
| December 2020 | Powell's monetary policy is recorded as the loosest in the history of the Goldman Sachs US Financial Conditions Index, creating simultaneous asset bubbles across major asset classes. |
| November 19 2020 | Powell agrees to return unused crisis funds to the US Treasury after disagreeing with Treasury Secretary Steve Mnuchin, and both urge Congress to approve more stimulus. |
| November 19 2020 | Powell agrees to return unused crisis funds to the US Treasury after disagreeing with Treasury Secretary Steve Mnuchin, and both urge Congress to approve more stimulus. |
| June 2020 | Powell's credit expansion through repo contracts creates large profits for Wall Street investment banks. |
| June 2020 | Powell's credit expansion through repo contracts creates large profits for Wall Street investment banks. |
| January 2020 | Powell launches unprecedented actions to counter the financial market impact of the COVID-19 pandemic, including dramatic expansion of the Fed's balance sheet and introducing new tools like direct corporate bond purchases and lending programs. |
| January 2020 | Powell launches unprecedented actions to counter the financial market impact of the COVID-19 pandemic, including dramatic expansion of the Fed's balance sheet and introducing new tools like direct corporate bond purchases and lending programs. |
| October 2019 | Powell announces the Fed will return to expanding its balance sheet, triggering a global rally in assets, using a new method of overnight repurchase agreements. |
| October 2019 | Powell announces the Fed will return to expanding its balance sheet, triggering a global rally in assets, using a new method of overnight repurchase agreements. |
| January 2019 | Powell abandons quantitative tightening, leading to a recovery in asset prices. |
| January 2019 | Powell abandons quantitative tightening, leading to a recovery in asset prices. |
| 2018 | Powell begins raising US interest rates in response to the strengthening US economy and announces plans to reduce the Fed's asset portfolio from $4.5 trillion to $2.5–3 trillion over four years through quantitative tightening. |
| 2018 | Powell begins raising US interest rates in response to the strengthening US economy and announces plans to reduce the Fed's asset portfolio from $4.5 trillion to $2.5–3 trillion over four years through quantitative tightening. |
| February 5 2018 | Jerome Powell assumed office as chair of the Federal Reserve. |
| February 5 2018 | Jerome Powell assumed office as chair of the Federal Reserve. |
| January 23 2018 | Powell's nomination was confirmed by the Senate with an 84-13 vote. |
| January 23 2018 | Powell's nomination was confirmed by the Senate with an 84-13 vote. |
| December 5 2017 | The Senate Banking Committee approved Powell's nomination to be Federal Reserve chair in a 22-1 vote, with Senator Elizabeth Warren casting the lone dissenting vote. |
| December 5 2017 | The Senate Banking Committee approved Powell's nomination to be Federal Reserve chair in a 22-1 vote, with Senator Elizabeth Warren casting the lone dissenting vote. |
| November 2 2017 | President Donald Trump nominated Jerome Powell to serve as the chair of the Federal Reserve, replacing Janet Yellen. |
| November 2 2017 | President Donald Trump nominated Jerome Powell to serve as the chair of the Federal Reserve, replacing Janet Yellen. |
| October 2017 | Spoke in support of maintaining higher capital and liquidity requirements from the Dodd-Frank Act, while also suggesting the Volcker Rule should be re-written to exclude smaller banks. |
| October 2017 | Spoke in support of maintaining higher capital and liquidity requirements from the Dodd-Frank Act, while also suggesting the Volcker Rule should be re-written to exclude smaller banks. |
| July 2017 | Delivered a speech critiquing the status of Fannie Mae and Freddie Mac, warning about the need for addressing their ultimate status to avoid past mistakes. |
| July 2017 | Delivered a speech critiquing the status of Fannie Mae and Freddie Mac, warning about the need for addressing their ultimate status to avoid past mistakes. |
| April 2017 | Assigned to head the bank oversight committee. |
| April 2017 | Assigned to head the bank oversight committee. |
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