---
id: "entity-jerome-powell"
type: "entity"
entityType: "person"
canonicalName: "Jerome Powell"
aliases: ["Jay Powell"]
source_timestamps: ["00:25:40"]
tags: ["central-bank", "federal-reserve"]
related: ["claim-fiat-goes-to-zero"]
sources: ["saylor"]
sourceVaultSlug: "saylor-bitcoin-digital-capital-cardone-2026Jun25"
originDay: 1
---
# Jerome Powell

## Profile

Chair of the **Federal Reserve Board** — the US central bank.

## Role in this source

[[entity-michael-saylor]] references Powell in the context of the Fed's decision to keep interest rates at zero during the COVID-19 pandemic, which catalyzed Saylor's search for an alternative store of value and the [[entity-microstrategy]] BTC pivot.

The near-zero rate regime and accompanying QE are the backdrop for:

- [[claim-fiat-goes-to-zero]] (monetary expansion eroding fiat).
- [[claim-traditional-credit-is-broken]] (real yields below true monetary inflation).
- [[concept-cost-of-capital-arbitrage]] (cheap fiat funding the BTC accumulation strategy).
- [[quote-fight-or-die]] (the existential framing of the pivot).