ECONOMICS
FEDERAL RESERVE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Janet Yellen
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Alan Greenspan
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Ben Bernanke
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Jerome Powell
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Detailed explanation-1: -Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018. He was sworn in on May 23, 2022 for a second term as Chair ending May 15, 2026.
Detailed explanation-2: -On November 2, 2017, President Donald Trump nominated Powell to serve as the chair of the Federal Reserve, replacing Janet Yellen at the helm of the central bank.
Detailed explanation-3: -The position of vice chair was most recently held by Lael Brainard who was sworn in on May 23, 2022 and resigned on February 18, 2023. The position of vice chair for supervision is currently held by Michael Barr who was sworn in on July 19, 2022.
Detailed explanation-4: -Board Appointment The Chair and Vice Chair of the Board are also appointed by the President and confirmed by the Senate, but serve only four-year terms. They may be reappointed to additional four-year terms.