Jerome Powel Commodir?

Jerome Paul is the President of the Board of Directors of the Federal Reserve System (Fed), the Central Bank of the United States. On February 5, 2018, Janet Elin began working for a four -year term. Before he started working as president, he served as a member of the Board of Directors of the Federal Reserve during the presidents of Barack Obama and Donald Trump.

Jerome Paul Biography

Jerome Powell was born in 1953 in Washington DC. Paul Choyi Chase increased, the second of six children. His father was a lawyer who represented steel companies in the union negotiations and his mother was a time mathematician and statistical for the Republican National Committee. He married Elsa Leonard in 1985 and had three children. He obtained a Bachelor’s Degree in Politics and a law degree from Georgetown University. He served as the Chief Editor of the Georgetown Legal Journal.

Jerome Paul Carrier

• 1975: Undergraduate Degree in Politics, Princeton University
• 1979: JD, Georgetown University
• 1990-1992: President George HW Bush during the Finance Ministry era
• 1992-1993: Under Secretary of Treasury
• 1997-2005: Carlyile Groupot andkat
• 2012 Days: Member of the Federal Reserve Board
• 2018 Days: Federal Reserve President

Federal Reserve (Fed) President

When Jerome Powell took over the feed in 2018, he was the richest feed president since the 1940s and was a net reserve between 19.7 million and $ 55 million. Janet Elin, including the increase in interest rates, is expected to maintain its policies. During the Yall period, the Fed increased by zero proportion by zeroly after the financial crisis of 2007-08.

Paul’s efforts to further increase interest rates faced Donald Trump’s resistance. Immediately after taking over, Paul inspected the first interest rate of 0.25 points. Trump criticized Powell for increasing interest rates and argued that the movement would slow down economic growth and damage the Trump administration’s policies, and discussed the possibility of Powell’s feed chairman. Paul argued that interest rates are necessary to prevent inflation and provide long -term economic stability, and said that when asked, they will not resign.

As an anti-inflation measure, the feed costs increased interest rates in 2022-23 in 15 months, which is expected to reduce costs and reduce inflation. A year later, prices increased by 2 % annually, while Jerome Paul was careful about the progress of the feed in reducing inflation. “Consumers still felt the impact of high prices and added,” It will take some time for people to regain their confidence, “he said.

After Trump’s victory in the 2024 presidential election, tensions between Paul and Trump came again. At a press conference, Paul said the election results would “have” any effect on interest rates “nearby. When asked if he was asked, he would resign, Paul said,” Someone No and said that the authority to dismiss or dismiss the president’s authority is “not allowed according to the law”.

Jerome Powell said bank crypto can provide currency services, but they can warn some of

At a press conference after announcing changing interest rates, Jerome Powell touched crypto currencies. As long as banks are made safe and strongly, they can provide crypto mini services to their customers, he said.

IZ We are not against innovation and we do not want to take steps that will cause banks to dismiss customers who are completely legal due to excessive threats. And can be related to audit.

Following a court order, the Federal Deposit Insurance Institution (FDIC) recently published letters emphasizing the bank’s examination when they thought of providing crypto money to their customers. In many cases, they were asked to stop and never approve.

After the Fed’s interest rate decision on January 29, relief indicators began to come from the crypto market. After the interest rate decision, BitCoin (BTC) increased by 2.6 % and started trading at 105 thousand. However, not only the BTC but also the opposite coins began to rise.