Economy

Jay Powell, the Prepster Banker Who Is Standing Up to Trump

January 15, 2026

Jerome Powell, the chairman of the Federal Reserve, presents an image that contrasts with the typical political resistance figures, embodying a classic East Coast prepster background. Despite his polished appearance and elite education, he has taken a firm stance against certain policies emanating from the Trump administration.

Jay Powell, the Prepster Banker Who Is Standing Up to Trump

Credit: The seventy-two-year-old Fed chairman put to shame the heads of law firms, universities, and public companies who have caved to the White House.ByJohn CassidyJanuary 15, 2026

Key Highlights

Jerome Powell is the chairman of the Federal Reserve.
He has a background in prestigious institutions like Georgetown Prep, Princeton, and Georgetown Law.
Powell's early career included a role as Assistant Secretary for Domestic Finance.
He is perceived as a traditional banker, but he opposes some Trump administration policies.

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Sources

Jay Powell, the Prepster Banker Who Is Standing Up to Trump

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