If I am confirmed, I will work to the best of my abilities to carry out the responsibilities of this office.
Jerome Powell
The Public Record
Jerome Powell is the 16th Chair of the Federal Reserve, having been appointed to the position in February 2018. He is a member of the Republican Party and has played a significant role in shaping U.S. monetary policy during his tenure. Powell's leadership has been marked by efforts to navigate the economy through challenges such as inflation and employment fluctuations, particularly in the wake of the COVID-19 pandemic. He has emphasized the importance of balancing the pace of monetary policy adjustments to avoid both inflationary pressures and job losses in the labor market.
When the Fed eases, one of the principal channels for its easing to take an effect on the economy is the housing market, and that is not happening to a significant degree now due to structural issues in the economy.
I am honored and grateful to President Obama for the privilege of appearing before this Committee today as a nominee to the Federal Reserve Board.
Thank you, Senator Menendez. I am in significant agreement with Dr. Stein's points.





