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Article snippet: Jerome H. Powell will come to the chairman’s job at the Federal Reserve with a wide-ranging résumé. He has worked in investment banking, in law and in government as an under secretary in the Treasury Department. He would also be one of the wealthiest individuals to lead the Fed, thanks to his years in private equity. One thing he’s missing: He would be the first Fed chief in more than four decades who did not have an economics degree. Mr. Powell, 64, was born in Washington, the son of a lawyer, and studied politics at Princeton University. He earned a law degree from Georgetown University, where he was editor in chief of the Georgetown Law Journal. After working a few years as a lawyer, he embarked in 1984 on a career in investment banking, starting at Dillon, Read and Company in New York. A year later, he married Elissa Leonard, a filmmaker. They have three children. In 1990, during first President George Bush’s term, he moved back to Washington to become the Treasury Department’s under secretary for finance. The Treasury secretary, Nicholas F. Brady, had been chairman of Dillon Read. Mr. Powell was responsible for policy on financial institutions and the Treasury debt market. After Bill Clinton took office in 1993, Mr. Powell joined Bankers Trust, but decided to leave a couple of years later after several clients suffered large losses as a result of derivative deals they did with the bank. In 1997, Mr. Powell became a partner at the Carlyle Group, the asset man... Link to the full article to read more