He is the architect of the current massive selloff on Wall Street.
In 1993, Powell began working as a managing director for Bankers Trust, but he quit in 1995 after the bank got into trouble when several customers suffered large losses due to derivatives. He then went back to work for Dillon, Read & Co.
Powell was a visiting scholar at the Bipartisan Policy Center, a think tank in Washington, D.C., where he worked on getting Congress to raise the United States debt ceiling during the United States debt-ceiling crisis of 2011. Powell presented the implications to the economy and interest rates of a default or a delay in raising the debt ceiling.
Powell was nominated to the Federal Reserve Board of Governors by President Barack Obama.
Powell's net worth is estimated to be as much as $112 million. He is the richest member of the Federal Reserve Board of Governors.
Powell is a registered Republican.
So what is he trying to do and expecting by continuing to destroy capital and raising interest rates? Anyone?
In 1993, Powell began working as a managing director for Bankers Trust, but he quit in 1995 after the bank got into trouble when several customers suffered large losses due to derivatives. He then went back to work for Dillon, Read & Co.
Powell was a visiting scholar at the Bipartisan Policy Center, a think tank in Washington, D.C., where he worked on getting Congress to raise the United States debt ceiling during the United States debt-ceiling crisis of 2011. Powell presented the implications to the economy and interest rates of a default or a delay in raising the debt ceiling.
Powell was nominated to the Federal Reserve Board of Governors by President Barack Obama.
Powell's net worth is estimated to be as much as $112 million. He is the richest member of the Federal Reserve Board of Governors.
Powell is a registered Republican.
So what is he trying to do and expecting by continuing to destroy capital and raising interest rates? Anyone?