Chair of the Federal Reserve

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The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, the central bank of the United States. The incumbent is the active executive officer of the Board of the Federal Reserve System. The chair presides over the meetings of the board who collectively convene to set American monetary policy. 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) closely second.

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