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DoubleLine founder and CEO Jeffrey Gundlach critiques the Federal Reserve’s historical rate-hiking approach, arguing Kevin Warsh’s leadership would bring a different perspective to monetary policy, on ‘Making Money.’<\/p>\n
Former Federal Reserve Chair Jerome Powell has reportedly sold a waterfront Maryland estate for $7.2 million.<\/p>\n
The six-bedroom, eight-bathroom home on Gibson Island changed hands in an off-market sale on Aug. 4, less than three months after Powell concluded his eight-year term as chair of the Federal Reserve, Realtor.com reported, citing public property records.<\/p>\n
The 7,155-square-foot home sits on a two-acre waterfront lot overlooking the Magothy River, the outlet reported.<\/p>\n
FED POLICYMAKERS’ INFLATION WORRIES WEIGHED ON RATE CUT OUTLOOK AT WARSH’S FIRST MEETING<\/p>\n
Former Federal Reserve Chair Jerome Powell has reportedly sold a waterfront Maryland estate for $7.2 million. (Jim Watson\/AFP\/Getty Images)<\/p>\n
The home was not publicly listed on a multiple listing service, with the Baltimore Business Journal first reporting the sale.<\/p>\n
Built in 2004, the shingle-style mansion features water views from nearly every main room, along with a waterfront swimming pool, stone terraces, a private pier with a boat lift and landscaped grounds, according to Realtor.com.<\/p>\n
Powell purchased the property for $3.86 million in 2006.<\/p>\n
FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS WARSH ERA BEGINS<\/p>\n
The former Fed chair and his wife, Elissa Leonard, continue to own another home on Gibson Island that they purchased for about $3 million, Realtor.com reported.<\/p>\n
The couple’s primary residence is in Chevy Chase, Maryland.<\/p>\n
Powell concluded his tenure as Fed chairman in May, with Kevin Warsh succeeding him.<\/p>\n
POWELL SAYS HE’LL STAY ON FED BOARD AFTER CHAIRMANSHIP ENDS BUT WON’T BE A ‘SHADOW FED CHAIR’<\/p>\n
Kevin Warsh succeeded Jerome Powell as Federal Reserve chairman earlier this year. (David Paul Morris\/Bloomberg via Getty Images)<\/p>\n
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During his time leading the central bank, Powell frequently clashed with President Donald Trump over interest rate policy.<\/p>\n
FOX Business reached out to Powell and Gibson Island Real Estate for more information.<\/p>\n
#Jerome #Powell #sells #7.2M #Maryland #waterfront #mansion #Fed #exit #report<\/p>\n","protected":false},"excerpt":{"rendered":"
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