We need to move away from very low interest rates. They're not appropriate for the current situation in the economy.
President of the FED
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The man who sets the price of money in America. As chair of the Federal Reserve, Powell steered interest rates through a pandemic collapse, a white-hot inflation surge, and the political crossfire that comes with controlling the economy's most powerful lever.
Born February 4, 1953, in Washington, D.C., Powell moved from Princeton and Georgetown Law into five years as an attorney before pivoting to investment banking in the mid-1980s. He made partner at the Carlyle Group in 1997, left in 2005 to start his own firm, Severn Capital Partners, then spent two years at the Bipartisan Policy Center. His first public-service turn came in 1990 under George H. W. Bush at Treasury. Barack Obama named him to the Federal Reserve Board in 2012, where he earned a reputation as a consensus-builder. Donald Trump elevated him to chair in 2018; Joe Biden renewed the a…
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We need to move away from very low interest rates. They're not appropriate for the current situation in the economy.
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