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The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System.It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States.
President Barack Obama, a Democrat, nominated Marilyn Horan, a Republican, as a U.S. federal judge on the United States District Court for the Western District of Pennsylvania. President Donald Trump, a Republican, nominated Nellie Liang, a Democrat, to the Federal Reserve Board of Governors.
The board of governors is one of three key pillars making up the broader Federal Reserve System, along with the 12 regional reserve bank presidents and the Federal Open Market Committee (FOMC).
The board also supervises and regulates the Federal Reserve Banks, exercises responsibility in the nation's payments system, and administers consumer credit protection laws. [ 13 ] By custom, one of the chairman's most important duties is to serve as the chair of the Federal Open Market Committee (FOMC), which is critical in setting short-term ...
Jerome Hayden "Jay" Powell (born February 4, 1953) is an American investment banker and lawyer serving since 2018 as the 16th chair of the Federal Reserve.Powell is expected to remain in his position during the second Presidency of Donald Trump at least through 2026.
Lisa DeNell Cook is an American economist who has served as a member of the Federal Reserve Board of Governors since May 23, 2022. She is the first African American woman and first woman of color to sit on the Board. Before her appointment to the Federal Reserve, she was elected to the board of directors of the Federal Reserve Bank of Chicago. [1]
Members of the Federal Reserve Board of Governors are appointed by the U.S. president and confirmed by the Senate for terms of 14 years. The Board of Governors chair and vice chair serve shorter ...
This category is for boards, commissions and committees that do not fall under the jurisdiction any one of the three main branches of the United States federal government. For investigative commissions, or commissions convened in a conference or investigative formats, rather than as a formal ongoing agency, please see Category:United States ...