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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.
Federal Reserve Chairs (left to right): Janet Yellen, Alan Greenspan, Ben Bernanke, and Paul Volcker.Photo taken 1 May 2014, when Yellen was Chair. As stipulated by the Banking Act of 1935, the Chairman is chosen by the president from among the sitting governors to serve four-year terms with the advice and consent of the Senate.
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 .
[1]. Left to Right: William J. McDonough (1993–2003), William C. Dudley (2009–2018), Paul Volcker (1975–1979), E. Gerald Corrigan (1985–1993), Timothy Geithner (2003–2008) The ninth president of the New York Fed, Timothy Geithner, who subsequently served as Secretary of the Treasury Paul Volcker, the fifth president of the New York Fed and later Chairman of the Federal Reserve
The Federal Reserve’s board of governors is responsible for overseeing the broader Fed system, as well as supervising and regulating financial institutions. ... As for the current officials on ...
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.
The FOMC is made up of 12 members: the seven board of governors, the president of the regional New York Fed and four other Reserve Bank presidents located throughout the country.