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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.
Following President Biden's renomination of Powell, the Fed Chairman retired his previous words "transitory inflation", and indicated a reduction in quantitative easing (QE) and mortgage-backed security (MBS) purchases due to high inflation, with the consumer price index (CPI) in November 2021 having reached 6.8% according to the Bureau of ...
William McChesney Martin Jr. (December 17, 1906 – July 27, 1998) was an American business executive who served as the 9th chairman of the Federal Reserve from 1951 to 1970, making him the longest holder of that position.
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.
Below is a look at every Federal Reserve Board chair since the central bank's inception in 1914. Historians and curious investors alike will look at stock market returns by Fed chair, along with ...
The Fed’s board has seven governors, including the chair and two vice chairs: Jerome Powell, chair. Philip Jefferson, vice chair. Michael Barr, vice chair for supervision
Ben Shalom Bernanke [2] (/ b ər ˈ n æ ŋ k i / bər-NANG-kee; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve, he was appointed a distinguished fellow at the Brookings Institution.
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 ...