The Most 'Boring Man' in Washington Steps in as Fed Chair

Jerome Powell, a Republican businessman with a legal background, was appointed as the Federal Reserve Chair by President Trump, breaking the tradition of reappointing the sitting chair. Despite not being an economist, Powell's wealth and private sector experience make him a unique choice. His appointment reflects Trump's preference for wealthy individuals and a desire to make his own mark. Powell is expected to maintain continuity with a slight reduction in regulation, which may reassure financial markets.

Who is Jerome Powell and what is his background?

How did Jay Powell's career path lead him to become the chair of the Federal Reserve?

What unique position does Jay Powell hold in relation to previous Federal Reserve chairs?

In what ways did Donald Trump break with tradition regarding the appointment of the Federal Reserve chair?

What are some of the expectations for Jay Powell's leadership style at the Federal Reserve?