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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 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 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] #
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.
A board of directors at each reserve bank, made up of local business contacts, leaders and experts, decide who ultimately serves at the helm. They’re then approved by the Fed’s board of governors.
Powell's current term as chair expires in early February, and the Fed Board of Governors seat held by Richard Clarida, who currently holds the vice chair post to which Brainard has been nominated ...
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)
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.