Fed Chairman Jerome Powell reveals his salary and thinks it's completely fair

One ​​of America's toughest and least enviable jobs of late has been that of Federal Reserve Chairman Jerome Powell - battling decades of high inflation while ensuring that the economy is not hammered in the process.

As the United States grapples with rising prices, billionaire David Rubenstein, co-founder and co-chairman of The Carlyle Group, had an interesting conversation with Powell regarding his salary.< /p>

"It's about $190,000, I think," Powell said when asked about his salary, according to a video tweeted by Bloomberg TV.

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Without letting go, Rubenstein asked more questions. "Okay, so you live on $190,000. If you need to sell something, what do you do? Do you have to clear it for 45 days?" he asked.

Powell replied that it was indeed. "That's right. You know, if we have family expenses, if we have them that exceed my salary, then we have to sell an asset," the Fed Chairman said.

The conversation didn't end there. Rubenstein asked if Powell thought the figure was fair for his work. Powell replied, "Yes, yes."

"Okay," Rubenstein said, prompting a roar of laughter from the audience.

Read next: Paul Krugman sees rising inflation in Tuesday's print: 'Whether this is actually good news or bad will depend on…"< /p>

Photo: courtesy of International Monetary Fund on Flickr

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