US Fed Meet: Meet Jerome Powell's Wife, Elissa Leonard, Woman Behind World's Most Watched Banker

The US Federal Reserve, led by Jerome Powell, the 16th Chair of the Federal Reserve, has cut interest rates by 25 basis points. The third consecutive rate cut of 2025 brought the benchmark rate down to 3.50 per cent to 3.75 per cent, instantly providing much-needed confidence on Wall Street. According to the latest reports, Dow Jones jumped nearly 500 points, while the Nasdaq and S&P 500 closed higher.

US Fed Meeting 2025: Jerome Powell's latest rate cut lifts markets, lowers yields, and eases pressure on global economies

With lower rates, borrowing costs will fall, and some relief may be seen in sectors such as housing, consumer loans, and credit. Another important development that caught everyone’s attention was the 10-year US Treasury yield falling below 4 percent, signaling looser financial conditions and manageable inflation. If analysts are to be believed, we could see another rate cut in the early months of 2026.

It all depends on whether the labour market weakens and inflation cools down in the coming months. Not every time, but we have often witnessed a drop in the US dollar after the Fed cuts rates, which takes off pressure on the Indian rupee. It also brings more foreign investment and global liquidity to India.

Why Jerome Powell's 25 bps rate cut matters? The Fed Chair, whose decisions can shake or steady the global economy

After the US Fed Meeting 2025, Jerome Powell is leading all the headlines for cutting rates by 25 basis points. For the uninitiated, Powell is considered as one of the most powerful figures in the world economy. The decision by the Chair of the US Federal Reserve on interest rates, liquidity, and monetary policy can ripple through world markets. It's why there’s always a tight spotlight on Powell’s decisions, which can shift the course of the world economy.

Born in 1953 in Washington, D.C., Jerome Powell comes from a family of lawyers and public servants. His father was a lawyer, and his mother was a homemaker. Powell studied politics at Princeton University and attained a degree in law from Georgetown University. After completing his degrees, Powell worked in the public service sector in the early 1990s at the US Treasury and later joined the Federal Reserve Board in 2012. Despite not being a politician, his bipartisan acceptability played the biggest role in his appointment as the 16th Chair of the Federal Reserve in 2018.

Who is Jerome Powell's wife, Elissa Leonard? Meet the woman behind the US Fed Chair's success, who has a link to television

Moving on to Jerome Powell’s personal life, he is married to Elissa Leonard. The couple got married on September 15, 1985, at the Washington National Cathedral. The wedding ceremony was officiated by a Unitarian minister, Rev. Arthur Jellis, and a Roman Catholic priest, Rev. Ralph Austin Powell, who is also Powell’s uncle. The beautiful couple has three children, Susie, Lucy, and Samuel. Not much is known about the children’s respective professions, as Powell and Leonard have kept their personal lives private.

However, not everyone is aware of the fact that Jerome Powell’s wife, Elissa Leonard, is a renowned television producer and writer who works on PBS shows and films. She is best known for her work as a producer in television series like Innovation and the movie, Ladies in Black. Apart from being a renowned film and television producer, Leonard is also actively involved in community roles. She served as the Vice Chair of Chevy Chase Village's Board of Managers.

Elissa Leonard is a doting mother, a successful producer, and a philanthropist, but while playing all these roles, she has also been an exceptionally critical figure in her husband, Jerome Powell’s, life. Time and again, we have heard Powell crediting his wife for bringing stability and peace into his life. When Powell used to work long hours, Leonard took care of the children and always hyped him for his efforts and dedication. The constant love and support from his wife throughout his life have been among the primary factors behind his successful career as an investment banker and lawyer.

What are your thoughts on Jerome Powell and his wife, Elissa Leonard’s, married life and the way they’ve always backed each other in every situation? Let us know.

Also Read: Eileen Higgins, First Female Mayor Of Miami: Inside Mystery Around Democrat's Marriage And Children

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