On Thursday, Nov. 2, President Donald Trump named Jerome Powell '75 as his pick to be the next chairman of the Federal Reserve. If confirmed, Powell will begin his term in early 2018, succeeding Janet Yellen, who was herself nominated in October 2013 to replace former University economics professor Ben Bernanke.
The Federal Reserve is the central bank for the United States, and Powell is currently one of four serving governors of the Federal Reserve system. He presently sits on the Federal Open Market Committee, the body of the Federal Reserve that most directly controls U.S. monetary policy by setting the federal funds rate through open market operations, such as by buying and selling U.S. Treasury bonds, used to calculate borrowing and interest rates nationwide.
Powell graduated from the Department of Politics, and is a former member of the advisory council for the University's Bendheim Center for Finance. He earned a J.D. from Georgetown University prior to working as a lawyer, investment banker, and Treasury undersecretary, before being nominated in 2011 to the Fed by then-President Barack Obama. In 2014, he was reconfirmed to his role as a Governor.
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‘Gaza Solidarity Encampment’ at Princeton
Daily Princetonian StaffPrinceton students began a sit-in McCosh Courtyard early Thursday morning, joining a wave of pro-Palestinian sit-ins across the country.
Princeton students began a sit-in McCosh Courtyard early Thursday morning, joining a wave of pro-Palestinian sit-ins across the country.
‘Gaza Solidarity Encampment’ launches at Princeton, students arrested
Annie Rupertus and Miriam WaldvogelPrinceton students erected a tent encampment in McCosh Courtyard early Thursday morning, joining a wave of pro-Palestinian sit-ins across the country. Princeton Public Safety has issued its first warning to protesters, and at least two student arrests has been made.
Princeton students erected a tent encampment in McCosh Courtyard early Thursday morning, joining a wave of pro-Palestinian sit-ins across the country. Princeton Public Safety has issued its first warning to protesters, and at least two student arrests has been made.
In preemptive move, U. says encampment protestors will likely be arrested and barred from campus
Miriam WaldvogelStudents participating in an encampment on campus will be arrested and “immediately” barred from University grounds, Vice President for Campus Life W. Rochelle Calhoun wrote in an email to undergraduates on Wednesday morning. The move serves as an unprecedented pre-emptive response to the growing trend of pro-Palestinian encampments that have gripped peer institutions.
Students participating in an encampment on campus will be arrested and “immediately” barred from University grounds, Vice President for Campus Life W. Rochelle Calhoun wrote in an email to undergraduates on Wednesday morning. The move serves as an unprecedented pre-emptive response to the growing trend of pro-Palestinian encampments that have gripped peer institutions.
