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The following is a list of past and present vice chairs of the Board of Governors of the Federal Reserve System. A vice 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 vice chair. [a] [15] #
The Board obtains its funding from charges that it assesses on the Federal Reserve Banks, and not from the federal budget; however, since net earnings of the Federal Reserve Banks are ultimately remitted to the US Treasury, [5] and spending by the Federal Reserve System reduces the size of these remittances, the effects of this source-of ...
The 12 regional reserve banks are supposed to voice the concerns of consumers and businesses throughout their districts in wider rate-setting meetings; yet, the board is also supposed to be ...
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.
This category is for all past and present Vice Chairs of the Federal Reserve System. Pages in category "Vice Chairs of the Federal Reserve" The following 23 pages are in this category, out of 23 total.
The committee favorably reported his nomination on March 16, 2022 by a 24–0 vote. [10] The United States Senate confirmed his nomination by a 91-7 vote. [11] In May 2023, Jefferson was nominated to serve as Vice Chair of the Federal Reserve, the board's second-highest position. [12]
The Federal Reserve meets for its eighth and final two-day rate-setting session of 2024 on Tuesday, December 17, and Wednesday, December 18, 2024. At the end of its Federal Open Market Committee ...
The Federal Reserve is tasked with maintaining a stable and sound financial system — most notably by raising or lowering interest rates at (what’s typically) eight meetings a year.