Jerome Powell: Steering the US Federal Reserve through COVID 19 and Political Pressures The tumultuous tenure of Jerome Powell as chair of the United States Federal Reserve Board of Governors has finally come to a close, marking the end of an era in the central bank's history.
As he steps down on May 15, it is clear that Powell's leadership has left an indelible mark on the institution's independence.
Powell's commitment to preserving the Fed's autonomy was consistently tested by intense political pressure from the Trump administration.