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Today, President Donald J. Trump nominated Jerome H. Powell of Maryland to be Chairman of the Board of Governors of the Federal Reserve System for a term of four years beginning February 3, 2018. As a member of the Federal Reserve’s Board of Governors since May 2012, Mr. Powell has demonstrated steady leadership, sound judgment, and policy expertise. Mr. Powell will bring to the Federal Reserve a unique background of Government service and business experience. He previously served as Under Secretary at the Department of Treasury in the administration of President George H.W. Bush. Mr. Powell also has nearly three decades of business experience. He attended Princeton University where he received a Bachelor of Arts in Politics in 1975. He continued his studies at Georgetown University, where he earned a Juris Doctor. While at Georgetown, Mr. Powell served as the editor-in-chief of the Georgetown Law Journal.