Current members
| Governor | Party | Term expires |
|---|---|---|
| Jay Powell (Chair) | Republican | January 31, 2028 (as Governor) |
| Richard Clarida (Vice Chair) | Republican | September 17, 2022 (as Vice Chair) |
| January 31, 2022 (as Governor) | ||
| Randy Quarles (Vice Chair for Supervision) | Republican | October 13, 2021 (as Vice Chair for Supervision) |
How many Federal Reserve governors are there?
seven Governors
The seven Governors, according to the original Federal Reserve Act, should represent the nation’s financial, agricultural, industrial, and commercial interests. Geography is a factor, too, as every Governor must be selected from a different Federal Reserve District.
What does the Board of Governors of the Federal Reserve do?
Board of Governors of the Federal Reserve System. The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.
Who is the owner of the Federal Reserve?
The Federal Reserve System is not “owned” by anyone. The Federal Reserve was created in 1913 by the Federal Reserve Act to serve as the nation’s central bank. The Board of Governors in Washington, D.C., is an agency of the federal government and reports to and is directly accountable to the Congress. The Federal Reserve derives its authority …
How is the Governor of the Reserve Bank accountable to the public?
Today, the Governor is accountable for the Bank’s performance in maintaining price stability, promoting a sound and efficient financial system, and meeting the currency needs of the public but retains statutory independence as to how these key outcomes are achieved.
Who is the current governor of Reserve Bank of India?
The bank’s 15th governor, Manmohan Singh, later became India’s 13th prime minister. The position is currently held by Urjit Patel, who took over from Raghuram Rajan on 4 September 2016.
