The Chairman of the Federal Reserve Board earns approximately $190,000 annually, which is significantly less than top Wall Street CEOs, yet must adhere to strict financial disclosure rules requiring them to sell assets for 45 days if family expenses exceed their salary, demonstrating that public officials with immense economic influence are compensated based on public service rather than market-based executive pay.
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Jerome Powell Controls Trillions, But Earns Less Than Wall Street CEOsAdded:
What is the salary of the chairman of the Federal Reserve Board?
It's It's around $190,000, I believe. Okay, so you live on the $190,000. If you need to sell something, what do you do? You have to clear it for 45 days?
>> That's right. We we >> [music] >> you know to we we have family expenses that if we have them that exceed my salary, then we have to sell assets.
>> Do you think that's a fair salary for the job or?
>> I do. Yes, I do.
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