The Chairman of the Board of Governors of the FED:

As stipulated by the Banking Act of 1935, the President appoints the seven members of the Board of Governors of the Federal Reserve System; they must then be confirmed by the Senate and serve for 14 years. Once appointed, Governors may not be removed from office for their policy opinions. The chairman and vice-chairman are chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation. By law, the chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He also testifies before Congress on numerous other issues and meets periodically with the Secretary of the Treasury.

The current chairman is Ben Bernanke, an academic nominated by George W. Bush and sworn into office on February 1, 2006, for a term lasting until January 31, 2010. He was nominated for a second term by President Barack Obama in 2009, and was confirmed by the Senate in 2010. Bernanke's second term ends on January 31, 2014. Bernanke succeeded Alan Greenspan, who served for more than 18 years during the terms of four U.S. Presidents.

 

Chair Name[2][3] Image Life span From Until President(s)[4]
Charles S. Hamlin Charles Hamlin-headshot.jpg 1861 1938[5] August 10, 1914 August 19, 1916 Woodrow Wilson
William P. G. Harding William P.G. Harding-headshot.jpg 1864[6]1930[7] August 10, 1916 August 9, 1922 Woodrow Wilson
Warren G. Harding
Daniel R. Crissinger Daniel R. Crissinger cropped.jpg 1860 1942[8] May 1, 1923 September 15, 1927 Warren G. Harding
Calvin Coolidge
Roy A. Young   1882 1960[9] October 4, 1927 August 31, 1930 Calvin Coolidge
Herbert Hoover
Eugene Meyer   1875 1959[10] September 16, 1930 May 10, 1933 Herbert Hoover
Franklin D. Roosevelt
Eugene R. Black   1898 1992[11] May 19, 1933 August 15, 1934 Franklin D. Roosevelt
Marriner S. Eccles   1890 1977[12] November 15, 1934 January 31, 1948[13] Franklin D. Roosevelt
Harry S. Truman
Thomas B. McCabe   1893 1982[14] April 15, 1948 March 31, 1951 Harry S. Truman
William McChesney Martin, Jr. William McChesney Martin jr..jpg 1906 1998[15] April 2, 1951 January 31, 1970 Harry S. Truman
Dwight D. Eisenhower
John F. Kennedy
Lyndon B. Johnson
Richard M. Nixon
Arthur F. Burns   1904 1987[16] February 1, 1970 January 31, 1978 Richard M. Nixon
Gerald R. Ford
Jimmy Carter
G. William Miller Portrait of G. William Miller.jpg 1925 2006[17] March 8, 1978 August 6, 1979 Jimmy Carter
Paul A. Volcker Paulvolcker.jpg 1927 [18] August 6, 1979 August 11, 1987 Jimmy Carter
Ronald W. Reagan
Alan Greenspan Greenspan.jpg 1926 [19] August 11, 1987 January 31, 2006[20] Ronald W. Reagan
George H.W. Bush
Bill Clinton
George W. Bush
Ben Bernanke Ben Bernanke official portrait.jpg 1953 [21] February 1, 2006   George W. Bush
Barack Obama