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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.
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.
The chair, vice chair, and vice chair for supervision are appointed by the president from among the sitting members of the board to serve a four-year term and they can be renominated as many times as the president chooses, subject to Senate confirmation each time, until their terms on the Board of Governors expire.
President-elect Donald Trump appointed Jerome Powell to lead the Federal Reserve in November 2017. President Joe Biden reappointed him five years later for another term as Fed Chair that is set to ...
As for the current officials on the Fed’s board, Powell was initially elevated to Fed chair by President Donald Trump, then later reappointed to another four-year term by President Joe Biden.
However, according to the website for the Board of Governors for the Federal Reserve system, the Fed Chair salary in 2019 was set at $203,500, while other board members earned $183,100 that year.
Janet Louise Yellen (born August 13, 1946) is an American economist who served as the 78th United States secretary of the treasury from 2021 to 2025. She also served as chair of the Federal Reserve from 2014 to 2018.
Federal Reserve chair Jerome Powell said he was uncertain as to how Trump’s proposed policies would impact the economy. Economists say the Fed is bracing for ‘Trump 2.0’ and a deluge of ...