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Federal Reserve Board
From SourceWatch
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The Federal Reserve Board, that is, "the seven members of the Board of Governors of the Federal Reserve System, are nominated by the President and confirmed by the Senate. A full term is fourteen years. One term begins every two years, on February 1 of even-numbered years. A member who serves a full term may not be reappointed. A member who completes an unexpired portion of a term may be reappointed. All terms end on their statutory date regardless of the date on which the member is sworn into office." [1]
"The Chairman and the Vice Chairman of the Board are named by the President from among the members and are confirmed by the Senate. They serve a term of four years. A member's term on the Board is not affected by his or her status as Chairman or Vice Chairman." [2]
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Current Members of the Board
- Ben S. Bernanke, Chairman
- Roger W. Ferguson, Jr. [3], Vice Chairman
- Susan Schmidt Bies [4]
- Donald L. Kohn
- Randall S. Kroszner [5]
- Mark W. Olson [6]
- Kevin M. Warsh [7]
Advisory Councils
Resources
Also see
- Alan J. Greenspan, Former Chairman
- bank
- banking
- Federal Reserve Act
- Federal Reserve Corporation
References
External links
- About the Fed (Federal Reserve Board and Federal Reserve System). Numerous links to various aspects of the System.
- "Crony Watch: Bush nominees easily approved for Fed," Bush Tracker, February 19, 2006.
- Larry Elliott and Angela Balakrishnan, "United States could go into recession, warns OECD. West's leading thinktank urges Federal Reserve to cut interest rates as housing market crisis deepens," The Guardian (UK), September 6, 2007. re Organisation for Economic Cooperation and Development and U.S. economy
