Jerome Powell is the current Chair of the Federal Reserve, which is the central bank of the United States. Powell was appointed to this position by President Donald Trump in February 2018, and took office in February 2018. Powell is a lawyer and investment banker who has previously served as a member of the Federal Reserve Board of Governors and as Under Secretary of the Treasury for Domestic Finance. As Chair of the Federal Reserve, Powell is responsible for setting interest rates and conducting monetary policy in the United States. He is also a key figure in the regulation of the U.S. financial system.
“When a falling stock becomes a screaming buy because it cannot conceivably drop further, try to but it thirty percent lower” – Al Rizzo