Members of the Board of Governors of the Federal Reserve System

E912538

Members of the Board of Governors of the Federal Reserve System are the presidentially appointed, Senate-confirmed officials who collectively oversee and guide U.S. central bank policy and regulation.

All labels observed (2)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal government position
public official role
appliesToJurisdiction United States of America
appointedBy President of the United States
appointedFor staggered 14-year terms
canBeReappointedToUnexpiredTerm yes
collectivelyDecide regulations and supervisory policies for the Federal Reserve System
compensationDeterminedBy federal statute
confirmedBy United States Senate
country United States of America
employer Board of Governors of the Federal Reserve System
ethicsRequirements federal ethics and financial disclosure rules
governingBodyOf Federal Reserve System
hasLeader Chair of the Board of Governors of the Federal Reserve System
includesPosition Chair of the Board of Governors of the Federal Reserve System
Vice Chair for Supervision of the Board of Governors of the Federal Reserve System
Vice Chair of the Board of Governors of the Federal Reserve System
jurisdiction United States of America
legalBasis Federal Reserve Act
meetsAt Federal Reserve Board headquarters in Washington, D.C.
memberOf Federal Open Market Committee
minimumAgeRequirement no formal statutory minimum age
mustBeU.S.Citizen yes
numberOfPositions 7
officeLocation Washington, D.C.
oversees Federal Reserve Banks
U.S. monetary policy
bank holding company regulation
systemic financial stability policy
partOf Board of Governors of the Federal Reserve System
policyInfluenceOn U.S. credit conditions
U.S. financial regulation standards
U.S. money supply
interest rates in the United States
politicalIndependenceRequirement intended to be insulated from short-term political pressure
prohibitedFrom holding office in any member bank
owning stock in banks they supervise
reportsTo United States Congress
responsibleFor approving discount rate changes recommended by Federal Reserve Banks
consumer financial protection regulations within its jurisdiction
implementing regulations under U.S. banking laws
macroprudential supervision
setting reserve requirements
selectionProcess nominated by the President and confirmed by the Senate
termLength 14 years
termRenewable no, full terms are not normally renewable
workLocation Eccles Building

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Vice Chair of the Federal Reserve relatedPosition Members of the Board of Governors of the Federal Reserve System
Marriner S. Eccles Federal Reserve Board Building occupant Federal Reserve Board staff
linked to: Members of the Board of Governors of the Federal Reserve System