Jerome H Powell sworn-in as new Chairman of Federal Reserve

Jerome Hayden Powell has been sworn-in as the new Chairman of the Federal Reserve for a four-year term on February 5, 2018. The oath was administered by Vice Chairman Randal K. Quarles in the Board Room. He succeeded Janet Yellen, the first woman to lead the US central bank in its 100-year history. He was nominated to the position by President Donald Trump on November 2, 2017, and was later confirmed by the United States Senate. Prior to this appointment, Powell served as a member of the Federal Reserve Board of Governors .