In the late 1990s, Jerome Powell got a new job as partner at the Carlyle Group, one of the world’s biggest private equity firms, with a massive $11 billion market cap and even bigger $376 billion of assets under management.
Only a few years after Powell left Carlyle, he was nominated to the Federal Reserve Board of Governors, where he now serves as chairman.
Carlyle was cofounded by David Rubenstein, a billionaire who served in the Jimmy Carter administration and is very active in…
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