Strongest Signal
At his November 2024 press conference, Powell said he would not resign if President-elect Trump asked and said removing or demoting him was not permitted under the law . The statement was a direct assertion of Fed independence against expe…
Latest Development
Powell was appointed to the Federal Reserve Board by Barack Obama in 2012. Donald Trump nominated him to serve as Fed chair in 2017. Joe Biden nominated him for a second term as chair in 2021. This cross-party appointment record points mor…
Strongest Pro-MAGA
The Board announced that it had withdrawn from the NGFS in 2024. Leaving the international climate-finance network was a concrete step away from an ESG-adjacent institutional commitment that had been criticized by Republicans and MAGA-alig…
Strongest Not MAGA
Under Powell's chairmanship, the Federal Reserve Board announced that it had formally joined the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The move connected the Fed to an international climate-fina…