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The following is a list of past and present members of the Board of Governors of the Federal Reserve System. A governor serves for a fourteen-year term after appointment and a member who serves a full term may not be reappointed; when a governor completes an unexpired portion of a term, they may be reappointed.
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 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 Federal Reserve System is composed of five parts: [3] [7] The presidentially appointed Board of Governors (or Federal Reserve Board), an independent federal government agency located in Washington, D.C.
Vice Chair for Supervision of the Federal Reserve: Michael Barr: July 19, 2022 (Confirmed July 13, 2022, 66–28) [RC 54] — — Member of the Federal Reserve Board of Governors: Lisa Cook [110] May 23, 2022 (Confirmed May 10, 2022, 51–50) [RC 55] Vice President Harris cast tie-breaking vote — Reappointment (Confirmed September 6, 2023, 51 ...
President Donald Trump, a Republican, nominated Nellie Liang, a Democrat, to the Federal Reserve Board of Governors. President Donald Trump, a Republican, appointed Susan Paradise Baxter, a Democrat, as a U.S. federal judge on the United States District Court for the Western District of Pennsylvania.
Members are appointed by the president, approved by the Senate Banking Committee and then the broader Senate before coming to the Fed. The regional reserve bank presidents, on the other hand, have ...
Adriana Debora Kugler is an American economist who serves as a member of the Federal Reserve Board of Governors. [1] She previously served as U.S. executive director at the World Bank, nominated by President Joe Biden and confirmed by the U.S. Senate in April 2022.