Federal Reserve Board of Governors

The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main leading body of the Federal Reserve System. It is in charge with overseeing the Federal Reserve Banks and with helping control the monetary policy of the United States. Governors are appointed by the president of the United States and confirmed by the Senate for a 14-year term.[1][2] It is headquartered in the Eccles Building in Washington, D.C.

Current members

The Federal Reserve Board of Governors in 2022

The current members of the Board of Governors are as follows:[3]

Portrait Current governor Party Term start Term expires
Jerome Powell
(Chair)
Republican February 5, 2018 (as Chair)
May 23, 2022 (reappointment)
May 15, 2026 (as Chair)
May 25, 2012 (as Governor)
June 16, 2014 (reappointment)
January 31, 2028 (as Governor)
Philip Jefferson
(Vice Chair)
Democratic September 13, 2023 (as Vice Chair) September 7, 2027 (as Vice Chair)
May 23, 2022 (as Governor) January 31, 2036 (as Governor)
Michael Barr
(Vice Chair for Supervision)
Democratic July 19, 2022 (as Vice Chair for Supervision) July 13, 2026 (as Vice Chair for Supervision)
July 19, 2022 (as Governor) January 31, 2032 (as Governor)
Michelle Bowman Republican November 26, 2018
February 1, 2020 (reappointment)
January 31, 2034
Christopher Waller Republican December 18, 2020 January 31, 2030
Lisa Cook Democratic May 23, 2022
February 1, 2024 (reappointment)
January 31, 2038
Adriana Kugler Democratic September 13, 2023 January 31, 2026

References

  1. See 12 U.S.C. § 241
  2. Federal Reserve (January 16, 2009). "Board of Governors FAQ". Federal Reserve. Archived from the original on January 17, 2009. Retrieved 2009-01-16.
  3. "Federal Reserve Board - Board Members". Board of Governors of the Federal Reserve System. Retrieved 2023-09-13.