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Fed chief Jerome Powell admits he’s a Deadhead

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Federal Reserve Chairman Jerome Powell arrives to testify during a House Financial Services Committee hearing titled “Semiannual Report on Federal Reserve Monetary Policy” in the Rayburn Building on Wednesday, June 21, 2023.

Tom Williams | CQ-Roll Call, Inc. | Getty Images

Let it be known: The head of the Federal Reserve Bank of America, the most important central bank in the world, is dead.

No one is likely to ever get it wrong Jerome Powell with Jerry Garcia, but the policymaker apparently likes to stop and smell the “Scarlet Begonias” when he can.

Powell was actually captured on June 3 at a Dead & Company show in Bristow, Virginia. The following Twitter post caused a bit of a stir on social media.

No one dared ask Powell about his excursion last week press conference after the meeting. But the topic finally came up Wednesday when he addressed lawmakers on the House Financial Services Committee.

Rep. Wiley Nickel (DN.C.) said he was “thrilled” to hear Powell was on the show and asked him what he thought.

“It was amazing. What can I say? It was great,” Powell responded. “I’ve been a Grateful Dead fan for 50 years.

(L-R) John Mayer, Jay Lane and Bob Weir of Dead and Company perform during the 2023 New Orleans Jazz & Heritage Festival at Fair Grounds Race Course on May 06, 2023 in New Orleans, Louisiana.

Erika Goldring | Getty Images

Online news indicated that it must have been fun: The band played staples like “Brown-Eyed Women,” “Uncle John’s Band” and “Deal,” while belting out “One More Saturday Night” and the Beatles’ “Dear Prudence” for the first time. this tour.

Wednesday’s hearing gave Powell, Nickel and several other committee members some kinship who expressed Dead fandom.

“I like people who like the Grateful Dead,” Nickel said.

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