Jerome Powell was appointed Chair of the Federal Reserve in early 2018, after being nominated by President Donald Trump in November 2017 and confirmed by the Senate in January 2018.

Key dates

  • Nomination as Fed Chair: November 2, 2017.
  • Senate confirmation as Chair: January 23, 2018.
  • Took office as Chair: February 5, 2018, succeeding Janet Yellen.

Extra context

Before becoming Chair, Powell had already been serving as a member of the Federal Reserve Board of Governors since May 2012. He was later nominated for a second term as Chair by President Joe Biden in November 2021 and sworn in for that new term in May 2022.