Federal Reserve
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The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics le
The Eccles Building in Washington, D.C., which serves as the Federal Reserve System's headquarters
Obverse of a Federal Reserve $1 note issued in 2021
Ben Bernanke (lower right), former chairman of the Federal Reserve Board of Governors, at a House Financial Services Committee hearing on February 10, 2009. Members of the board frequently testify before congressional committees such as this one. The Senate equivalent of the House Financial Services Committee is the Senate Committee on Banking, Housing, and Urban Affairs.
Board of governors in April 2019, when two of the seven seats were vacant
Philip Jefferson
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Philip Nathan Jefferson is an American economist who has been serving as 23rd vice chair of the Federal Reserve since September 2023. He has been a member of the Federal Reserve Board of Governors sin
Federal Reserve
…Headquarters Eccles Building, Washington, D.C., U.S. Established December 23, 1913 Governing body Board of Governors Key people Kevin Warsh (Chair) Philip Jefferson (Vice Chair) Michelle Bowman (Vice Chair for Supervision) Currency United States dollar USD (ISO 4217) Reserve requirements None Bank rate 3.75% Interest…
Official portrait, 2022
Jefferson sworn in as a member of the Federal Reserve Board of Governors by Jerome Powell in May 2022