More recently, in a conversation with the co-founder of Carlyle Group Inc., David Rubenstein, Powell disclosed specifics of his annual compensation. This sparked a flurry of questions on social media platforms about why the head of the US central bank gets paid so little. Despite this, Powell claimed that he thought his annual remuneration of roughly $190,000 was appropriate. However, many people disagreed, claiming that his pay did not adequately represent his position as head of the central bank.
Everyone is listening intently to what Jerome Powell has to say. Even though what he says has the power to swing the markets in any direction, he makes about as much money as a rookie analyst who has just graduated from college.
Powell's income falls within the usual basic salary range of investment bank personnel, who get between $150,000 and $200,000. This is according to Wall Street Oasis, a website that records financial payouts. Also take note that bonuses are not included in the source of income for Wall Street employees' wages. Employees' pocket incentives typically equal roughly 50% of their yearly salaries. This varies considerably by year and by organization, though, as certain bonus payments can equal 100% of wages. Congress does, however, have financial restrictions on the Fed chairman.
According to the article, the Fed chairman's salary is closer to that of third-year analysts, who earn around $194,000 on average.
Although Powell's decisions are mirrored in global markets, as I mentioned above, Congress determines his pay. Appointees to the federal government are categorized based on the levels that influence their salary. The Fed Chairman and the Finance Minister, two senior political figures with the highest salaries, were limited to earning no more than $226,300 in 2017. Powell's pay has been frozen since 2014, like that of other senior officials.
For instance, specialists in this field claim that Powell earns substantially less than government employees. For instance, President Joe Biden is paid a salary of $400,000.
Regarding the technical picture for the EUR/USD, pressure on the pair increased again following the US inflation report. Staying over 1.0710 will cause the trading instrument to surge to the 1.0760 level and stop the bear market. Above this point, you can easily reach 1.0800 and update to 1.0840 in the near future. Only the collapse of support at 1.0710 will put more pressure on the pair and drive EUR/USD to 1.0670, with the possibility of dropping to a minimum of 1.0640 if the trading instrument declines.
Regarding the technical analysis of the GBP/USD, the bulls have not been able to regain the advantage. They still have to surpass 1.2180. Only if this resistance fails will there be a greater chance of a rebound to the area of 1.2260, following which we will be able to discuss a more abrupt movement of the pound up to the area of 1.2320. After the bears take control of 1.2115, from which point the bulls will likely also act more aggressively, it is possible to discuss the return of pressure on the trading instrument. As a result, it is difficult to pass this level. When 1.2115 is broken, the bulls' positions are hit, and GBP/USD is likely to fall back to 1.2070 with a possible increase to 1.2030.
