The President today announced his intention to nominate Jerome H. Powell, of New York, to be an Under Secretary of the Treasury. He would succeed Robert R. Glauber.
Currently Mr. Powell serves as Assistant Secretary of the Treasury for Domestic Finance at the U.S. Department of the Treasury in Washington, DC. Prior to this, he served as senior vice president with Dillon, Read Company, Inc., 1984 - 90; and as an attorney with the firm of Werbel McMillen, 1983 - 84; and as an attorney with the firm of Davis Polk Wardwell, 1981 - 83.
Mr. Powell graduated from Princeton University (B.A., 1975) and Georgetown University Law Center (J.D., 1979). He was born February 4, 1953, in Washington, DC. Mr. Powell is married, has two children, and resides in Chevy Chase, MD.