Federal Reserve Chair Jerome Powell's career in photos

Chair of the Federal Reserve Jerome Powell speaks with Treasury Secretary Janet Yellen before an open session of the Financial Stability Oversight Council at the Treasury Department in Washington, DC on May 10, 2024.

The U.S. flag is magnified in Federal Reserve Bank Chair Jerome Powell's glasses as he announces that interest rates will remain unchanged during a news conference at the bank's William McChesney Martin building on May 1, 2024 in Washington, DC. Following the regular two-day Federal Open Markets Committee meeting, Powell said the U.S. economy continues to show momentum and inflation has remained high in recent months, informing the Fed's decision to keep their current 5.33 percent rate setting.

Jerome Powell, Chair of the Federal Reserve of the United States his wife Elissa Leonard arrive for a State Dinner in honor of Japanese Prime Minister Fumio Kishida, at the Booksellers Room of the White House in Washington, DC, on April 10, 2024.

A trader works, as a screen broadcasts a news conference by Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, March 20, 2024.

Federal Reserve Chair Jerome Powell prepares to testify to the Senate Banking Committee on the second of two days of semi-annual testimony to Congress in Washington, March 7, 2024.

Federal Reserve Chair Jerome Powell testifies to the House Financial Services Committee on the first of two days of semi-annual testimony to Congress in Washington on March 6, 2024.

Traders work, as screens display a news conference by Federal Reserve Board Chairman Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, Jan. 31, 2024.

Jerome Powell, Chair, Board of Governors of the Federal Reserve System, arrives to testify in front of the Senate Banking, Housing, and Urban Affairs Committee during a hearing on the Federal Reserve's Semiannual Monetary Policy Report on March 7, 2023.

Jerome Powell, Chair, Board of Governors of the Federal Reserve System, testifies in front of the Senate Banking, Housing, and Urban Affairs Committee during a hearing on the Federal Reserve's Semiannual Monetary Policy Report on March 7 2023.

President Joe Biden, Chairman of the Federal Reserve Jerome Powell and Treasury Secretary Janet Yellen hold a meeting in the Oval Office of the White House in Washington, DC, May 31, 2022.