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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.
Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s, [3] with measures known as the Volcker shock.
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.. A native of Washington, D.C., Powell graduated from Princeton University and from the Georgetown University Law Center. [2]
Federal Reserve Board Chairman Jerome Powell before House Financial Services Committee in 2020 as a photo of then-President Donald Trump is shown on a screen.
President-elect Donald Trump appointed Jerome Powell to lead the Federal Reserve in November 2017. President Joe Biden reappointed him five years later for another term as Fed Chair that is set to ...
Federal Reserve Chairman Jerome Powell would not leave his position even if president-elect Donald Trump asked him to, he said Thursday.. When asked by Politico correspondent Victoria Guida if he ...
The Federal Reserve increased signalling with forward guidance, press conferences, and economic forecasting. [49] On August 25, 2009, President Barack Obama announced he would nominate Bernanke to a second term as chairman of the Federal Reserve. [50] In October 2013, he nominated Janet Yellen to succeed Bernanke.
Chairman Paul Volcker was the main driver of Fed policy in this decade, leading the Fed until Chairman Alan Greenspan took the post in August 1987. Critics at the time vilified Volcker for harming ...