Chair of the Federal Reserve
| Chair of the Board of Governors of the Federal Reserve System | |
|---|---|
Seal of the Board of Governors | |
Flag of the Federal Reserve System | |
since February 5, 2018 | |
| United States Federal Reserve System | |
| Style | Mr. Chairman |
| Member of | Board of Governors Open Market Committee |
| Reports to | United States Congress |
| Seat | Eccles Building Washington, D.C. |
| Appointer | The president with Senate advice and consent |
| Term length | Four years, renewable (as chair) 14 years, non-renewable (as governor) |
| Constituting instrument | Federal Reserve Act |
| Formation | August 10, 1914 |
| First holder | Charles Sumner Hamlin |
| Deputy | Vice Chair of the Federal Reserve |
| Salary | Executive Schedule, Level I |
| Website | federalreserve.gov |
The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The chair presides at meetings of the Board.
The chair serves a four-year term after being nominated by the president of the United States and confirmed by the United States Senate; the officeholder serves concurrently as a member of the Board of Governors. The chair may serve multiple terms, subject to re-nomination and confirmation each time; William McChesney Martin (1951–1970) was the longest serving chair, with Alan Greenspan (1987–2006) second.
Jerome Powell was sworn in as chair on February 5, 2018. He had been first nominated to the position by President Donald Trump on November 2, 2017, and confirmed by the Senate. He was nominated to a second term by President Joe Biden, confirmed by the Senate, and sworn in on May 23, 2022.
On January 30, 2026, Trump announced his choice of Kevin Warsh as the next nominee for the position, following the end of Powell's tenure.