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How Jerome Powell Reshaped The Federal Reserve

Posted

May 14, 2026

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Jerome Powell was the 16th Chairman of the Federal Reserve System. As one of the nation’s top economic policymakers, Powell guided the central bank through the coronavirus crisis and political efforts to reduce central bank independence. Experts say Powell may best be remembered for presiding over the sharpest uptick inflation in a generation. Others note his role in upholding the United States position as a world-leading economy, stabilizing conditions for domestic workers and consumers alongside the broader flow of dollars worldwide. CNBC’s Steve Liesman, Jeff Cox and Matt Peterson report.

Reporter: Jeff Cox, Steve Liesman, Matt Peterson

Produced, Shot and Edited by: Carlos Waters

Additional Production: Betsy Spring

Animated by: Christina Locopo, Emily Park, Jason Reginato

Additional Camera by: Kaan Oguz

Senior Managing Producer: Shawn Baldwin

Additional Footage: Getty Images

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How Jerome Powell Reshaped The Federal Reserve

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Jerome PowellFederal Reserve System AsUnited StatesMatt PetersonReality TVIn CNBCsCNBC News Online GetFollow CNBC

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