"At first glance, Jerome Powell doesn't come across as a member of the #Resistance. Lean, angular, and somewhat awkward in public, the chairman of the Federal Reserve looks like a central-casting version of a Wasp banker from the nineteen-fifties. Actually, his paternal lineage is Roman Catholic: his uncle was a priest. Otherwise, though, Powell's résumé fits to a tee that of an East Coast prepster: Georgetown Prep; Princeton; Georgetown Law; the law firm Davis Polk;"
"the investment bank Dillon Read, where his mentor was Nicholas Brady, who served as Treasury Secretary under Ronald Reagan and George H. W. Bush, and in 1990 gave him his first government job, as an Assistant Secretary for Domestic Finance. (Subsequently, Powell was promoted to Under-Secretary.) After leaving the Treasury in 1993, Powell, who is often referred to as Jay, returned to Wall Street. In 1997, he joined the Carlyle Group, a private-equity firm that was known for buying and selling defense businesses"
The seventy-two-year-old Federal Reserve chairman projected firmness and independence, exposing law firm, university, and corporate leaders who acquiesced to White House pressure. He embodies an East Coast establishment background with education at Georgetown Prep, Princeton, and Georgetown Law and early careers at Davis Polk and Dillon Read. He served in Treasury as Assistant Secretary and Under-Secretary, returned to Wall Street, worked at the Carlyle Group, and later joined the Bipartisan Policy Center. Appointments by presidents from both parties led to his elevation to Fed chair, and his fiscal-prudence stance produced notable clashes with President Trump.
Read at The New Yorker
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