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May 17, 2012
The Bipartisan Policy Center Congratulates Jay Powell
Washington, D.C. - Jason Grumet, president of the Bipartisan Policy Center (BPC), issued the following statement today upon Jay Powell’s confirmation as a member of the Federal Reserve’s Board of Governors. Powell has been a BPC Visiting Scholar since 2010 and was the lead author of BPC’s widely-cited debt ceiling analysis last July.
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Infographic
Based on the housing industry’s average share of Gross Domestic Product (GDP) from 1980 to 2007, the infographic illustrates that 2.3 percent or $350 billion is “missing” in potential growth.
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