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Appointment process Federal Reserve Chairs (Left to Right): Janet Yellen, Alan Greenspan, Ben Bernanke, and Paul Volcker.Yellen was vice chair when the photograph was taken. As stipulated by the Banking Act of 1935, the president may designate to serve as Chairman of the Board for four-year terms with the advice and consent of the Senate, from among the sitting governors.
- Four years, renewable (as Chair), 14 years, non-renewable (as Governor)
- United States Congress
John Carroll Williams. ( 1962-06-12) June 12, 1962 (age 61) Sacramento, California, U.S. Education. University of California, Berkeley ( BA) London School of Economics ( MSc) Stanford University ( PhD) John Carroll Williams (born June 12, 1962) is the president and chief executive officer of the Federal Reserve Bank of New York, having also ...
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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.
- December 23, 1913 (109 years ago)
Jerome Hayden "Jay" Powell (born February 4, 1953) is an American attorney and investment banker who has served since 2018 as the 16th chair of the Federal Reserve. After earning a degree in politics from Princeton University in 1975 and a Juris Doctor from Georgetown University Law Center in 1979, he moved to investment banking in 1984, and worked for several financial institutions, including ...
Janet Louise Yellen (born August 13, 1946) is an American economist serving as the 78th United States secretary of the treasury since January 26, 2021. She previously served as the 15th chair of the Federal Reserve from 2014 to 2018. She is the first woman to hold either post, and has also led the White House Council of Economic Advisers .
Born. 1959 (age 64–65) Political party. Republican. Education. Bemidji State University ( BS) Washington State University, Pullman ( MA, PhD) Christopher J. Waller is an American economist who is a member of the Federal Reserve Board of Governors since 2020. A nominee of then-President Donald Trump, he was confirmed by the Senate in December ...
The twelve Reserve Bank buildings in 1936 The Federal Reserve Banks are the most recent institutions that the United States government has created to provide functions of a central bank. Prior institutions have included the First (1791–1811) and Second (1818–1824) Banks of the United States, the Independent Treasury (1846–1920) and the National Banking System (1863–1935).
