Chairman of the Federal Reserve

The Chairman of the Board of Governors of the United States Federal Reserve is the head of the central bank of the United States and one of the most important players in American economic policies. The Federal Reserve is an independent agency of the United States Government.

Related Topics:
Central bank - United States - Federal Reserve - United States Government

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The chairman is chosen from among the sitting board members and is appointed for a four-year term by the President of the United States (subject to Senate confirmation). In practice the Chairman is often re-appointed several times. The chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives, testifies before Congress on numerous other issues, and meets periodically with the Secretary of the Treasury.

Related Topics:
President of the United States - Senate - Monetary policy - Secretary of the Treasury

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The current chairman is Alan Greenspan, who was appointed by Ronald Reagan on August 11, 1987. Greenspan was re-appointed once by George H. W. Bush, twice by Bill Clinton, and most recently by George W. Bush on May 18, 2004. His current term ends in June 2008, although his separate 14-year term as a board member expires January 31, 2006.

Related Topics:
Alan Greenspan - Ronald Reagan - August 11 - 1987 - George H. W. Bush - Bill Clinton - George W. Bush - May 18 - 2004 - January 31 - 2006

~ ~ ~ ~ ~ ~ ~ ~ ~ ~