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Posted on: October 1, 2021 at 12:56:09 CT
JayHoaxH8r
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he chair of the Federal Reserve Board is the active and most visible executive officer at the Federal Reserve Board.
The chair provides leadership and executes the mandate of the central bank, pushing for maximum employment, stable prices, and long-term interest rates in the moderate range.
The chair and vice-chair are both chosen by the president from among the seven members of the Board of Governors and then confirmed by the Senate; both initially serve a four-year term and can be reappointed.
The chair is also the chair of the Federal Open Markets Committee (FOMC) and is responsible for determining short-term U.S. monetary policy.