Position: Chair - Federal Reserve

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    

Nominations so far:

Nominee	Rating
Joseph Stiglitz
Dean Baker
Paul Krugman
Joel Rogers
James Galbraith
Marion or Herbert Sandler
Richard W. Fischer