As Chair of the Federal Reserve, Jerome Powell supervises the United States’ central banking system. Described by former Federal Reserve Chair and University professor Ben Bernanke as “a consensus builder,” Powell has provoked sharp criticism from President Donald Trump, who nominated him. In particular, Trump has denounced Powell’s decisions to gradually raise interest rates and reduce the purchasing of financial assets through quantitative easing.
Earlier this year, as the COVID-19 pandemic precipitated an economic recession, Powell abruptly abandoned those policies. The Federal Reserve slashed its benchmark rate to nearly 0 percent and purchased $700 billion worth of financial assets in March.
In 2012, Powell was first confirmed to the Federal Reserve’s Board of Governors, alongside fellow Princetonian Jeremy C. Stein ’83. In 2016, Trump nominated him to succeed Janet Yellen as the 16th Chair. The U.S. Senate confirmed the politics concentrator by an 83–14 vote.
Read More
Princetonians pack Whig-Clio Election night watch party
Devon RudolphNerves filled all four floors of Whig Hall as the results of the election were broadcast live to the room during the Whig-Clio election night watch party Nov. 5. The event, hosted in partnership with Vote100, goal was to encourage an inclusive and bipartisan environment for students.
Nerves filled all four floors of Whig Hall as the results of the election were broadcast live to the room during the Whig-Clio election night watch party Nov. 5. The event, hosted in partnership with Vote100, goal was to encourage an inclusive and bipartisan environment for students.
‘Democracy Moneyball’: Princeton neuroscientist takes on the polls
Valentina MorenoPrinceton Neuroscience Professor Sam Wang is the founder of the Princeton Election Consortium, one of the first tools to aggregate U.S. presidential polls using probabilistic methods. While the PEC is in the business of predicting national election outcomes, Wang’s mission is to use science to help voters maximize their impact and foster democracy repair in the long term.
Princeton Neuroscience Professor Sam Wang is the founder of the Princeton Election Consortium, one of the first tools to aggregate U.S. presidential polls using probabilistic methods. While the PEC is in the business of predicting national election outcomes, Wang’s mission is to use science to help voters maximize their impact and foster democracy repair in the long term.
Princeton professor emeritus Cornel West GS ’80 launches longshot presidential run
Justus WilhoitWest, one of the nation’s most prominent left-wing intellectuals, served on the Princeton faculty for nearly 16 years.
West, one of the nation’s most prominent left-wing intellectuals, served on the Princeton faculty for nearly 16 years.
