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Position:
Chair
The Chair heads a seven-member Board of Governors (Board). The Chair is a four year term and may be reappointed until their terms as Governors expire. The Board determines general monetary, credit, and operating policies for the System as a whole and formulates the rules and regulations necessary to carry out the purposes of the Federal Reserve Act. The Board's principal duties consist of monitoring credit conditions; supervising the Federal Reserve Banks, member banks, and bank holding companies; and regulating the implementation of certain consumer credit protection laws. The Board of Governors reviews and determines the discount rate charged by the Federal Reserve Banks. The Federal Reserve System, the central bank of the United States, is charged with administering and formulating the Nation's credit and monetary policy. Through its supervisory and regulatory banking functions, the Federal Reserve maintains the safety and soundness of the Nation's economy, responding to the Nation's domestic and international financial needs and objectives.
Type of Appointment/Position: Presidential with Senate confirmation
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Joel Rogers
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Nominee's Background:
Joel Rogers (Ph.D. Princeton, M.A. Princeton, J.D. Yale Law School, B.A. Yale) is Professor of Law, Political Science, and Sociology at the University of Wisconsin-Madison. He is also the founder and director of COWS. Joel has written widely on American politics and public policy, political theory, and U.S. and comparative industrial relations, as well as the high-road approach he is credited as first theorizing. His most recent books are Working Capital: Using the Power of Labors Pensions (Cornell, 2001) and Americas Forgotten Majority: Why the White Working Class Still Matters (Basic, 2000). A contributing editor of The Nation and Boston Review, and a social activist as well as an academic, Rogers was recently identified by Newsweek as one of 100 Americans most likely to affect U.S. politics and culture in the 21st century.
Nominating Speech:
Nation Article: Click Here
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