#USFedNewChair The current Chair of the Federal Reserve is Jerome Powell, who has been serving since February 5, 2018. He was nominated to a second term by President Joe Biden and confirmed by the Senate, taking office on May 23, 2022. Powell's leadership focuses on maintaining the stability of the US financial system and promoting economic growth through monetary policy.

*Key Responsibilities:*

- *Monetary Policy*: Chairing the Federal Open Market Committee (FOMC), which sets interest rates and buys or sells government securities to influence the money supply and promote maximum employment, price stability, and moderate long-term interest rates.

- *Financial Stability*: Overseeing the Federal Reserve's efforts to maintain the stability of the US financial system, including monitoring risks and responding to potential threats.

- *Regulatory Oversight*: Supervising and regulating banks, thrifts, and other financial institutions to ensure their safety and soundness and compliance with laws and regulations ¹ ².

*Current Federal Reserve Members:*

- *Jerome Powell (Chair)*

- *Philip Jefferson (Vice Chair)*

- *Michelle Bowman (Vice Chair for Supervision)*

- *Christopher Waller*

- *Lisa D. Cook*

- *Michael Barr*

It's worth noting that the Chair of the Federal Reserve serves a four-year term, and Powell's current term is set to expire in 2026. Any changes to the leadership would involve a nomination by the President and confirmation by the Senate ¹.