The long and twisting story of how Jay Powell became our next Federal Reserve chair

Feb 5, 2018
Feuding congressmen, a formula to set monetary policy and the Swedes all played a part in this epic Twitter thread. We've set it to music.
Jerome Powell will be sworn in as chair of the Federal Reserve on Monday.
Drew Angerer/Getty Images

Goodbye, Janet Yellen

Feb 2, 2018
The Federal Reserve's first female chair brought an era of steadiness to the central bank.
Federal Reserve Chair Janet Yellen.
JEWEL SAMAD/AFP/Getty Images

What kind of Federal Reserve is Jerome Powell taking over?

The Fed hiked interest rates three times in 2017.
Jerome Powell, Trump's nominee for chair of the Federal Reserve, testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Nov. 28, 2017 on Capitol Hill in Washington, D.C.
Alex Wong/Getty Images

Yellen leads her last Fed meeting

Jan 30, 2018
Chair of the Federal Reserve Janet Yellen ends a cautious four-year run. Click the audio player above to hear the full story.

Mick Mulvaney doesn’t think the CFPB needs more money

Jan 18, 2018
The acting director requested $0 for the bureau’s funding.
Mick Mulvaney, President Donald Trump's pick for acting director of the Consumer Financial Protection Bureau, walks back to the White House from the CFPB building after he showed up for his first day of work on November 27, 2017 in Washington, D.C.
Alex Wong/Getty Images

Janet Yellen to depart the Fed, once Powell is confirmed

Nov 20, 2017
It may not be much of a surprise, but Yellen's departure does leave some questions about the future of the Fed.
Federal Reserve Board Chairwoman Janet Yellen testifies before the Joint Economic Committee on Capitol Hill
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Trump's Fed chair nominee is a lot like Yellen. So why replace her?

Nov 2, 2017
The key difference? Jerome Powell was selected by Trump and Yellen wasn't.
President Donald Trump nominated Jerome Powell for Federal Reserve chair.
AFP PHOTO / NICHOLAS KAMM