Warsh Takes Helm as Fed Faces Uncertainty Jerome Powell's appointment as the new Chair of the Federal Reserve has sparked intense speculation about the future direction of monetary policy in the United States.
As the 16th Chief of the Fed, Powell brings a reputation for being one of the most influential thinkers on interest rates and quantitative easing. Powell's credentials are well established.
He began his career as an investment banker at Dillon Read & Co. , later becoming an associate at law firm Davis Polk & Wardwell, where he worked on corporate finance deals.