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Federal Reserve Chairman Jerome H. Powell Participates In Ceremonial Swearing-In

Date 13/02/2018

Chairman Jerome H. Powell on Tuesday participated in a ceremonial swearing-in event in the atrium of the Board's main building in Washington. Witnesses included the Chairman's wife, Elissa Leonard; other relatives and friends; and Board employees. Other guests included current and former Federal Reserve, Treasury, and financial regulatory agency officials.

The oath was administered by Vice Chairman Randal K. Quarles, who also administered it on February 5, when Mr. Powell began a four-year term as the 16th Chairman of the Board of Governors of the Federal Reserve System.

President Trump announced his intention to nominate Mr. Powell to be the Chairman on November 2, 2017, and the Senate confirmed him on January 23, 2018. Chairman Powell has served as a member of the Board of Governors since May 25, 2012.

A copy of Chairman Powell's remarks is attached.