Powell Takes Home the Same Paycheck as the Average Wall Street Associate
The Fed chair’s salary falls within the range for an typical associate, who earns anywhere from $150,000 to $200,000.
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Federal Reserve Chair Jerome Powell may have the power to move markets with a single word, but he takes home the same paycheck as the average associate on Wall Street.
Powell, 70, discussed his annual salary in a Q&A session with Carlyle Group Inc. co-founder David Rubenstein last week, sparking a flurry of social-media commentary about whether the man leading the US central bank is underpaid. While Powell said he believes his pay of “around $190,000” is fair, others have argued that his wages don’t reflect his role leading an organization that serves as the gatekeeper of the world’s largest economy.