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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.
Chairman of the Federal Reserve: 2009–2014‡ Connie Morella: Republican: American Battle Monuments Commission member 2010–2017 Jeff Immelt: Republican: Chairperson of the President's Council on Jobs and Competitiveness: 2011–2013 Jerome Powell: Republican: Federal Reserve Board of Governors: 2012–2017 James Comey: Republican
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.
Put this one decidedly in the good news category: the Obama administration is expected to announce a $262 billion reduction in this year's budget deficit to $1.58 trillion. Earlier, the Obama ...
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States .
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.
Patrick Timothy Harker (born November 19, 1958) [1] is the President of the Federal Reserve Bank of Philadelphia. Harker previously served as the President of University of Delaware. [2] He was the dean of the Wharton School of the University of Pennsylvania from 2001 to 2007. He began his presidency of the University of Delaware in 2007 and ...
In the November 2008 elections, the Democratic Party increased its majorities in both chambers (including – when factoring in the two Democratic caucusing independents – a brief filibuster-proof 60-40 supermajority in the Senate), and with Barack Obama being sworn in as president on January 20, 2009, this gave Democrats an overall federal ...