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Reason: None provided.

https://econperspectives.blogspot.com/2008/11/structure-of-federal-reserve-system.html

"Fed Organizational Structure - There are seven members of the Board of Governors, who are nominated by the president and approved by the U.S. Senate.

Each governor serves a maximum of 14 years, and each governor's appointment is staggered by two years to limit the power of the president.

In addition, the law dictates that appointments represent all broad sectors of the U.S. economy. In addition, each of the 12 regional banks has its own president.

Note that as of Jan. 14, 2022, three of the seven board seats are empty, including the Vice Chair and Vice Chair for Supervision.

Fed Governors (as of Jan. 2022):

Jerome H. Powell (Chair)

Seat Currently Empty (Vice Chair)—as of Jan. 14, 2022

Seat Currently Empty (Vice Chair for Supervision)—as of Dec. 31, 2022

Michelle W. Bowman

Lael Brainard

Christopher J. Waller

Seat Currently Empty

(Source: Federal Reserve.) "

https://www.investopedia.com/terms/f/federalreservebank.asp

2 years ago
1 score
Reason: None provided.

https://econperspectives.blogspot.com/2008/11/structure-of-federal-reserve-system.html

"Fed Organizational Structure - There are seven members of the Board of Governors, who are nominated by the president and approved by the U.S. Senate.

Each governor serves a maximum of 14 years, and each governor's appointment is staggered by two years to limit the power of the president.

In addition, the law dictates that appointments represent all broad sectors of the U.S. economy. In addition, each of the 12 regional banks has its own president.

Note that as of Jan. 14, 2022, three of the seven board seats are empty, including the Vice Chair and Vice Chair for Supervision.

Fed Governors (as of Jan. 2022) Jerome H. Powell (Chair) Seat Currently Empty (Vice Chair)—as of Jan. 14, 2022 Seat Currently Empty (Vice Chair for Supervision)—as of Dec. 31, 2022 Michelle W. Bowman Lael Brainard Christopher J. Waller Seat Currently Empty

(Source: Federal Reserve.) "

https://www.investopedia.com/terms/f/federalreservebank.asp

2 years ago
1 score
Reason: Original

"Fed Organizational Structure - There are seven members of the Board of Governors, who are nominated by the president and approved by the U.S. Senate.

Each governor serves a maximum of 14 years, and each governor's appointment is staggered by two years to limit the power of the president.

In addition, the law dictates that appointments represent all broad sectors of the U.S. economy. In addition, each of the 12 regional banks has its own president.

Note that as of Jan. 14, 2022, three of the seven board seats are empty, including the Vice Chair and Vice Chair for Supervision.

Fed Governors (as of Jan. 2022) Jerome H. Powell (Chair) Seat Currently Empty (Vice Chair)—as of Jan. 14, 2022 Seat Currently Empty (Vice Chair for Supervision)—as of Dec. 31, 2022 Michelle W. Bowman Lael Brainard Christopher J. Waller Seat Currently Empty

(Source: Federal Reserve.) "

https://www.investopedia.com/terms/f/federalreservebank.asp

2 years ago
1 score