system
Given the following post, respond as if you're commenting on Reddit:
human
Why doesn't the current fed chair have a degree in economics?

I thought that would be a requirement?
gpt
The fed chair is a political appointment, usually given to people with expertise. A degree is (or can be) certainly valuable in showing that you have expertise. But it is not a requirement.

Powell has experience in finance, and has been a part of the fed board for years. That gives him sufficient expertise.