Who Is Jerome Powell?

Who Is Jerome Powell? #jeromepowell #federalreservebank #financialeducation Even for those unfamiliar with the financial world, the name of 16th Chair of the Federal Reserve, Jerome Powell, may have come across your television or social media timeline at some point over the last two years. Powell, also known as “Papa Powell“ or “Fed Head Powell“ on social media, has one of the most important jobs in the entire country, and perhaps even the world. He’s the man that enacts decision of the Federal Reserve’s Board of Governors. Why does that matter to you? The Fed, as it is sometimes called, has been heavily involved in the implementation of stimulus programs, the U.S. bond market, and the Federal interest rate. Why are those important? What the Fed does impacts how much you spend on food, gas, clothes, and other goods and services. How much money banks will lend you is also determined by the numbers and policies put into place. They are also current