Search results
Results From The WOW.Com Content Network
A Board of Governors meeting on January 1, 1922 Current and living former governors as of May 1, 2014 The following is a list of past and present members of the Board of Governors of the Federal Reserve System.
The following is a list of past and present chairs of the Board of Governors of the Federal Reserve System. A chair serves for a four-year term after appointment, but may be reappointed for several consecutive four-year terms. Since the Federal Reserve was established in 1914, the following people have served as chair. [a] [18] #
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 Fed’s board of governors refers to the seven officials, or governors, who are responsible for overseeing the 12 reserve banks and the broader Fed system, as well as supervising, regulating ...
The Fed’s board of governors. The permanent members of the Fed’s board of governors are: Jerome Powell, chair. Michael Barr, vice chair for supervision. ... in a chart known as the dot plot.
The Fed’s dot plot is a chart updated quarterly that records each Fed official’s projection for the central bank’s key short-term interest rate, the federal funds rate. The dots reflect what ...
Current governor Party Term start Term expires Jerome Powell Republican: February 5, 2018 (as Chair) May 23, 2022 (reappointment) May 15, 2026 (as Chair) May 25, 2012 (as Governor) June 16, 2014 (reappointment) January 31, 2028 (as Governor) Philip Jefferson Democratic: September 13, 2023 (as Vice Chair) September 7, 2027 (as Vice Chair)
But the most important number offered by Fed officials was the FOMC’s surprisingly bullish expectations for economic growth, revised upward, as our Chart of the Week shows.