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28 G O V E R N M E N T FED CHAIR POWELL CONFIRMED BY SENATE FOR SECOND TERM Jerome Powell has been confirmed by the U.S. Senate for a second term as Chairman of the Board of Governors of the Federal Reserve System for a term of four years, by a vote of 80-19 (one senator did not vote). Powell took office for his first term on February 5, 2018. In addition to serving as Chair of the Fed, Powell also serves as Chairman of the Federal Open Market Committee (FOMC), the System's principal monetary policymaking body. He has served as a member of the Board of Governors since taking office on May 25, 2012, to fill an unexpired term, and was reappointed to the Board and sworn in on June 16, 2014, for a term ending January 31, 2028. Prior to his appointment to the Fed, Powell was a visiting scholar at the Bipartisan Policy Center in Washington, D.C., where he focused on federal and state fiscal issues. From 1997-2005, Powell was a Partner at The Carlyle Group. He also served as an Assistant Secretary and as Under Secretary of the U.S. Department of the Treasury under President George H.W. Bush, responsible for policy on financial institutions, the Treasury debt market, and related areas. Prior to joining the Bush administration, Powell worked as a lawyer and investment banker in New York City. "I have made it clear that tackling inflation is my top domestic priority," said U.S. President Joe Biden in a statement. "So I am pleased to see the Senate take a step forward on my agenda to get inflation under control by confirming my nominees to the Fed. I want to thank the Senate for confirming Jerome Powell, Dr. Lisa Cook, and Dr. Philip Jefferson this week, joining the recent confirmation of Dr. Lael Brainard. The Federal Reserve plays a primary role in fighting inflation, and these well-qualified members of the Board will bring the skill and knowledge needed at this critical time for our economy and families across the country." Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com. Julia Gordon has been sworn in as Assistant Secretary for Housing for the U.S. Department of Housing & Urban Development (HUD) and Commissioner of the Federal Housing Administration (FHA) by HUD Secretary Marcia L. Fudge. "Julia is a respected leader with decades of experience working to create more vibrant and equitable communities," HUD Secretary Fudge said. "She brings a depth of expertise and perspective to FHA at a critical time for our country's housing market. Her leadership will be invaluable as we work to expand access to safe, affordable, and sustainable housing." Gordon was confirmed by the U.S. Senate on May 12, 2022, by a 51-50 vote, with the tie broken by Vice President Kamala Harris. Originally nominated June 24, 2021, for the role of FHA Commissioner by President Joe Biden, Gordon most recently served as President of the National Community Stabilization Trust (NCST), a Washington, D.C.-based nonprofit organization that facilitates the transfer of foreclosed and abandoned properties from financial institutions to local housing organizations to promote property reuse and neighborhood stability. "I'm honored to serve in the Biden-Harris administration as HUD's Assistant Secretary for Housing and as the Commissioner of the Federal Housing Administration, and for the opportunity to ensure that our communities have the equitable opportunity to thrive," Commissioner Gordon said. "HUD's Office of Housing and the FHA are critical to the Department's work, and I'm delighted to be a part of a strong team in strengthening our communities and meeting urgent needs in the housing market. I look forward to joining Secretary Fudge and HUD in delivering our mission to create affordable and inclusive communities and quality homes for all." "I look forward to joining Secretary [Marcia] Fudge and HUD in delivering our mission to create affordable and inclusive communities and quality homes for all." —Julia Gordon, FHA Commissioner S P O T L I G H T P R O F I L E G O V E R N M E N T Julia Gordon Sworn in as FHA Commissioner

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