“If the public understands the central bank's views on the economy and monetary policy, then households and businesses will take those views into account in making their spending and investment plans; policy will be more effective as a result.”

American central banker and lawyer

Jerome Hayden “Jay” Powell is an American central banker and lawyer, born in 1953. He served as the 16th chair of the Federal Reserve from 2018 to 2026, and later remained on the Federal Reserve Board of Governors. Before entering public service, Powell worked in private practice as a lawyer and as an investment banker. His public record is tied to U.S. monetary policy and the leadership of the central bank, roles that place him at the center of questions about inflation, interest rates, and financial stability.