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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 .
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 Federal Reserve Act provides that the president of a Federal Reserve Bank shall be the chief executive officer of the Bank, appointed by the board of directors of the Bank, with the approval of the Board of Governors of the Federal Reserve System, for a term of five years. [34]
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).
Warsh was born in Albany, New York, [9] the youngest of three children of Judith and Robert Warsh. [10] He was raised in nearby in Loudonville, New York [11] and graduated from Shaker High School in Latham; [10] he credits his upbringing in upstate New York for teaching him 'much of what he need[ed] to know about the real economy.' [12] He received a Bachelor of Arts in public policy from ...
FILE - Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr testifies at a House Financial Services Committee hearing on recent bank failures, on Capitol Hill, March 29, 2023 ...
Federal Reserve governor Lisa Cook said Monday it makes sense to lower interest rates more gradually given resilience in the job market and stickier-than-expected inflation, the latest central ...
The Marriner S. Eccles Federal Reserve Board Building houses the main offices of the Board of Governors of the United States' Federal Reserve System.It is located at the intersection of 20th Street and Constitution Avenue in Washington, D.C.