NAME: Jerome H. "Jay" Powell
BIRTHDATE: Feb. 4, 1953
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BIRTHPLACE: Washington, D.C.
EDUCATION: Bachelor's degree in politics, Princeton University, 1975; law degree, Georgetown University, 1979.
EXPERIENCE: Member, Federal Reserve board, 2012 to present; visiting scholar at the Bipartisan Policy Center in Washington; partner at the Carlyle Group, 1997 through 2005; assistant secretary and undersecretary at Treasury Department during administration of President George H.W. Bush; after graduating from law school in 1979, joined Wall Street investment bank Dillon, Read & Co.
FAMILY: Married with 3 children.
QUOTE: "Simple policy rules are widely thought to be both interesting and useful but to represent only a small part of the analysis needed to assess the appropriate path for policy. I am unable to think of any critical, complex human activity that could be safely reduced to a simple summary equation."