Hit enter to search or ESC to close
But Powell has also been a controversial figure himself, facing attacks on his policies from both sides of the aisle. On the right, President Donald Trump — the man who appointed Powell — turned on him and called him a “fail” with “no guts.” Meanwhile leaders of the progressive wing of the Democratic party, such as Sen. Elizabeth Warren, have also turned their backs on Powell.
Powell, 68, came to the Fed with a long resume. He spent much of his career as an attorney and investment banker before moving to public service. He is the first Fed chair in He served as assistant secretary and as undersecretary of the Treasury under President George H.W. Bush, with responsibility for policy in areas including financial institutions and the Treasury debt market.
But Powell’s biggest challenge has been managing the Fed’s response to the pandemic-fueled economic crisis. With much of the US economy forced to shut down to comply with public health measures, job losses hit unprecedented levels.
About the author
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.