Wednesday, September 28, 2022

Jerome Powell Federal Reserve Chairman

A Federal Case

Jerome Powell

Federal Reserve Chairman

Rolex Submariner
Reference 16610

Jerome Powell has been in the news a lot lately as the Federal Reserve has recently hiked up interest rates again to try to fight inflation, so I thought it would be a good time to take a look at Powell.

Some people believe the President of the United States is the most powerful man in the world, and some would say the Chairman of Federal Reserve is actually more powerful. Certainly, the Chairman of the Federal Reserve is one of the most powerful people in the world of finance as they control fiscal policy for the United State Economy, which is the largest in the world. In the video below from September 21, 2022 we witness Jerome Powell announce a 0.75 precent rate rise, where he talks about his goal to curb inflation and bring it back down to 2% annually.

Below is a video from September 23, 2022 that features Chairman Powell on the subject of "Transitioning to the Post-pandemic Economy" with the full board of governors for the first time in 9 years.

Jerome Powell—also known by his nickname of Jay Powell—is the current Chairman of the Fed and as we see in the photo above he wears a vintage Rolex Submariner.

It is interesting to see the Chairman of the Federal Reserve wearing a Rolex Submariner for a few different reasons that come to mind. First, I've said many times before that Rolex is like its own country and Rolex watches themselves are a currency in and of themselves. So it's interesting to see Chairman Powell wearing Rolex currency on his wrist. Secondly, The Submariner is such a timeless, classic, masculine watch.

Jerome Powell has a somewhat unusual background for being the Chairman of the Fed as he does not have a degree in economics, but is a lawyer by training.

I included four detailed videos that feature Jerome Powell below, and if you watch them you will not only see him rockin' his Submariner but more importantly get a great idea of his intellectual prowess...

Warren Buffett

On Jerome Powell

"I think Jay Powell is terrific Chairman of the Fed...I've listened to what he's had to say. I love the fact Jay Powell is Chairman of the Fed...He will do what in his judgment is best for the American economy over time. There isn't any question about that...He knows what his job is and he will do it."

—Warren Buffet

Warren Buffett is an international treasure. The way he speaks reminds me of Yoda. He is like Yoda talking economics...The CNBC video below is SUPER PROFOUND!!! At around 16 minutes into the interview, Warren offers his opinion on Jerome Powell, the Chairman of the Federal Reserve. 

Of course, Warren Buffett is no stranger to the crown as he has been wearing his yellow gold Rolex Day-Date for decades...