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The following is a list of past and present chairs of the Board of Governors of the Federal Reserve System. A 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 chair. [a] [18] [19] #
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.
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 .
Key takeaways. The Federal Reserve’s board of governors is responsible for overseeing the broader Fed system, as well as supervising and regulating financial institutions.
Maximum number of terms Office Maximum number of terms Australia: King / Queen: No set terms (hereditary succession) Prime Minister: No directly set terms; however, they must maintain the support of the House of Representatives, which has a term of three years. Governor-General: No term limits, but traditionally serves for one 5-year term.
Assumed office Left office Chairman of the Federal Reserve: Jerome Powell: February 5, 2018 (Confirmed January 23, 2018, 84–13) [66] Vice Chairman of the Federal Reserve Richard Clarida [67] September 17, 2018 (Confirmed August 28, 2018, 69–26) [68] Vice Chairman for Supervision of the Federal Reserve Randal Quarles: October 13, 2017
In the context of the politics of the United States, term limits restrict the number of terms of office an officeholder may serve. At the federal level, the president of the United States can serve a maximum of two four-year terms, with this being limited by the Twenty-second Amendment to the United States Constitution that came into force on February 27, 1951.
Trump has also recently ramped up his criticism of Powell, whom he appointed in 2017 and has promised not to try to remove before Powell’s term ends in May 2026.