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The chairman of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The chairman presides at meetings of the Board.
- Four years, renewable (as Chair), 14 years, non-renewable (as Governor)
- United States Congress
Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022.
On November 2, 2017, President Donald Trump nominated Powell to serve as the chair of the Federal Reserve, replacing Janet Yellen at the helm of the central bank. On December 5, the Senate Banking Committee approved Powell's nomination to be chair in a 22–1 vote, with Senator Elizabeth Warren casting the lone dissenting vote. [40]
May 23, 2022 · Jerome H. Powell on Monday took the oath of office for his second term as Chair of the Board of Governors of the Federal Reserve System. Chair Powell's oath was administered by Vice Chair Lael Brainard in the press briefing room of the Board's Martin building.
Nov 22, 2021 · President Biden announced that he was nominating Jerome H. Powell, the Federal Reserve chair, to another four-year term. He also nominated Lael Brainard, a Federal Reserve governor, as the...
Nov 22, 2022 · Jerome Powell has served on the Federal Reserve Board (FRB) since May 25, 2012. He has been Fed chair since Feb. 5, 2018, and was approved for a second term in May 2022 under President Biden.
Nov 22, 2021 · Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018, for a four-year term ending in February 2022. His term as a member of the Board...
