President Obama is reportedly considering Jerome (Jay) Powell
for appointment to the Federal Reserve Board. Powell, as a
private equity underwriter, spent eight years with The Carlyle Group before starting his own investment company. Is Jay's firm a virtual nonprofit, like Carlyle?
It won't be Powell's first time at the board table, having served on the Board of Directors of
Dr Pepper/Seven Up Bottling Group,
Panolam Industries International and
Rexnord Corporation. He's well aware of the
global game of finance, perfectly suited for the Fed.
