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 led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years,events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibilities of the Federal Reserve System.
The chairman of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve,and is the active executive officer of the Board of Governors of the Federal Reserve System. The chairman presides at meetings of the Board.
Paul Adolph Volcker Jr. was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman,Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s,with measures known as the Volcker shock. He previously served as the president of the Federal Reserve Bank of New York from 1975 to 1979.
Stephen Friedman and American economist. Friedman is a former chairman of the US President's Intelligence Advisory Board and former chair of the Federal Reserve Bank of New York. He was nominated on October 27,2005,to replace Brent Scowcroft in the position.
Linda Chavez-Thompson is a second-generation Mexican-American and union leader. She was elected the executive vice-president of the AFL-CIO in 1995 and served until September 21,2007. She was also a vice chair of the Democratic National Committee from 1997 to 2012 and served as a member of the board of trustees of United Way of America. She was the Democratic nominee for Lieutenant Governor of Texas in the 2010 election.
Ben Shalom Bernanke is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Federal Reserve,he was appointed a distinguished fellow at the Brookings Institution. During his tenure as chairman,Bernanke oversaw the Federal Reserve's response to the late-2000s financial crisis,for which he was named the 2009 Time Person of the Year. Before becoming Federal Reserve chairman,Bernanke was a tenured professor at Princeton University and chaired the Department of Economics there from 1996 to September 2002,when he went on public service leave. Bernanke was awarded the 2022 Nobel Memorial Prize in Economic Sciences,jointly with Douglas Diamond and Philip H. Dybvig,"for research on banks and financial crises",more specifically for his analysis of the Great Depression.
Richard Louis Trumka was an American attorney and organized labor leader. He served as president of the United Mine Workers from 1982 to 1995,and then was secretary-general of the AFL–CIO from 1995 to 2009. He was elected president of the AFL–CIO on September 16,2009,at the federation's convention in Pittsburgh,and served in that position until his death.
Cathy E. Minehan was President and Chief Executive Officer of the Federal Reserve Bank of Boston from 1994 until her retirement in July 2007. Minehan also served as a member of the Federal Open Market Committee,the body responsible for U.S. monetary policy. She was "appointed Dean of the School of Management of Simmons College,a private university,in August 2011 and is Managing Director of Arlington Advisory Partners,a private advisory services firm."
The Alliance for Retired Americans (ARA) is a 501(c)(4) non-profit organization and nonpartisan organization of retired trade union members affiliated with the AFL-CIO,which founded it in 2001. The group's membership also includes non-union,community-based activists. Its predecessor organization was known as the National Council of Senior Citizens (NCSC).
The Department for Professional Employees,AFL–CIO (DPE) is a semi-autonomous "trade" department of the AFL–CIO,and serves as an advocate for professional workers within the federation,and before legislative bodies,the press and the public.
Terence M. O'Sullivan is a labor union activist who was president of the Laborers' International Union of North America (LIUNA) from 2000 until 2023.
Robert Michael Duncan is an American politician. A member of the Republican Party,he served as the chairman of the Republican National Committee from 2007 to 2009. Throughout his career,he has served on the boards of a variety of public- and private-sector organizations. Duncan was chairman,president,and CEO of Inez Deposit Bank in Inez,Kentucky,which merged with First State Bank in February 2021. He is a member of the Board of Governors of the U.S. Postal Service and previously served as its chairman.
The Maine AFL–CIO is a federation of AFL–CIO-affiliated labor unions in the state of Maine.
Lael Brainard is an American economist serving as the 14th director of the National Economic Council since February 21,2023. She previously served as the 22nd vice chair of the Federal Reserve between May 2022 and February 2023. Prior to her term as vice chair,Brainard served as a member of the Federal Reserve Board of Governors,taking office in 2014. Before her appointment to the Federal Reserve,she served as the under secretary of the treasury for international affairs from 2010 to 2013.
Betsy Duke is an American bank executive who served as a member of the Federal Reserve Board of Governors from 2008 to 2013. Duke was confirmed by the Senate to fill an unexpired term ending January 31,2012. She was the seventh woman to be appointed to the board. In July 2013,she announced her resignation from the board.
The Structure of the Federal Reserve System is unique among all the assets within central banks,with private aspects. It is described as "independent within the government" rather than "independent of government".
The 2014 United States House of Representatives elections in New York were held on Tuesday,November 4,2014,to elect the 27 U.S. representatives from the state of New York,one from each of the state's 27 congressional districts. The elections coincided with other elections to the United States Senate and House of Representatives and various state and local elections,including the governor,attorney general,and comptroller of New York.
The 2016 United States House of Representatives elections in Pennsylvania were held on November 8,2016,to elect the 18 U.S. representatives from the Commonwealth of Pennsylvania,one from each of the state's 18 congressional districts. The elections coincided with the 2016 U.S. presidential election,as well as other elections to the House of Representatives,elections to the United States Senate and various state and local elections. The primaries were held on April 26.
Alan Louis Sagner was an American Democratic Party politician,businessman and philanthropist who served as New Jersey Commissioner of Transportation,as Chairman of the Port Authority of New York and New Jersey,and as Chairman of the Corporation for Public Broadcasting.
The vice chair of the Board of Governors of the Federal Reserve System is the second-highest officer of the Federal Reserve,after the chair of the Federal Reserve. In the absence of the chair,the vice chair presides over the meetings Board of Governors of the Federal Reserve System.
