Wall Street

To protect the Fed, Jerome Powell gets political

 Jay Powell standing in front of a U.S. flag with the stars replaced by percent signs
Illustration: Lazaro Gamio/Axios

Jerome Powell is a new kind of Fed chairman for a new time in American history. As President Trump has bulldozed norms of presidential behavior, Powell has gone about changing the nature of the Fed's relationship with Wall Street, Congress and Main Street.

What it means: Powell has clearly set his sights on changing the public's perception of the Fed from a faceless private bank that upholds the interests of corporate America to a source of economic growth that supports job creation.

More stories loading.