7 Facts About Jerome Powell

1. In 2010, Jerome Powell was on the board of governors of Chevy Chase Club, a country club.

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2. In a July 2017 speech, Jerome Powell said that, in regards to Fannie Mae and Freddie Mac, the status quo is "unacceptable" and that the current situation "may feel comfortable, but it is unsustainable".

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3. In an October 2017 speech, Jerome Powell stated that higher capital and liquidity requirements and stress tests have made the financial system safer and must be preserved.

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4. In 2013, Jerome Powell made a speech regarding financial regulation and ending "too big to fail".

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5. In 2008, Jerome Powell became a managing partner of the Global Environment Fund, a private equity and venture capital firm that invests in sustainable energy.

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6. In 1993, Jerome Powell began working as a managing director for Bankers Trust, but he quit in 1995 after the bank got into trouble when several customers suffered large losses due to derivatives.

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7. In 1972, Jerome Powell graduated from Georgetown Preparatory School, a Jesuit university-preparatory school.

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