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Press Release

Federal Reserve Press Release

Release Date: May 25, 2012

For immediate release

Jerome H. Powell on Friday took the oath of office as a member of the Board of Governors of the Federal Reserve System.  The oath was administered by Chairman Ben S. Bernanke in the Board Room. 

President Obama announced his intention to nominate Mr. Powell on December 27, 2011, and the Senate confirmed him on May 17, 2012.  Mr. Powell was nominated to an unexpired term ending January 31, 2014, which was vacated by the resignation of Frederic S. Mishkin on August 31, 2008. 

A biography of Mr. Powell is available on the Board's website:

For media inquiries, call 202-452-2955.

Last update: May 25, 2012