New ferma chairman
You're referring to the new Chairman of the Federal Reserve (Fed)!
As of November 2022, Jerome Powell has been reappointed as the Chairman of the Federal Reserve for a second term, effective February 5, 2022. He was first appointed as Chairman by President Donald Trump in 2018 and served a four-year term until January 2022.
Under his leadership, the Fed has implemented several policies to stabilize the economy and respond to the COVID-19 pandemic, including:
- Maintaining low interest rates to stimulate economic growth.
- Implementing quantitative easing (QE) to inject liquidity into the financial system.
- Establishing the Main Street Lending Program to support small and medium-sized businesses.
- Creating the Emergency Lending Facility (ELF) to provide emergency loans to households and businesses.
Powell's reappointment was seen as a sign of continuity and stability in the Fed's leadership, as he has built a strong reputation for his expertise and ability to navigate complex economic challenges.
Would you like to know more about Jerome Powell's background, his views on monetary policy, or the current state of the US economy?