reported Powell's nomination to the Senate floor on March 16, 2022, in a 22-1 vote; Senator Elizabeth Warren was the lone member to vote against his nomination. His nomination for another term as chair was confirmed by the full U.S. Senate on May 12, 2022 in an 80-19 vote. He was sworn in for his second term as chair on May 23, 2022. Personal life Powell married Elissa Leonard in 1985 at the Episcopal Washington National Cathedral. They have three children and live in Chevy Chase Village, Maryland, where Elissa is chair of the board of managers of the village. In 2010, Powell was on the board of governors of Chevy Chase Club, a country club. Based on public filings, as of 2019 Powell's net worth was estimated to be in a range between $20 million and $55 million. Powell has served on the boards of charitable and educational institutions including DC Prep, a public charter school, the Bendheim Center for Finance at Princeton University, and The Nature Conservancy. He was also a founder of the Center City Consortium, a group of 16 parochial schools in the poorest areas of Washington, D.C. Powell is a registered Republican. See also 2020 stock market crash China–United States trade war COVID-19 recession Greenspan put Fed model Financial market impact of the COVID-19 pandemic References External links Official Biography from the Federal Reserve Federal Reserve main website Other Statements and Speeches of Jerome H. Powell (Saint Louis Federal Reserve Database) 1953 births Living people 20th-century American lawyers 21st-century American lawyers Biden administration personnel Chairs of the Federal Reserve The Carlyle Group people Davis Polk & Wardwell lawyers Georgetown Preparatory School alumni Georgetown University alumni Lawyers from Washington, D.C. Obama administration personnel Princeton University alumni Trump administration personnel Washington, D.C., Republicans