Who serves on the Board of Governors of the Federal Reserve?

The Board of Governors of the Federal Reserve consists of seven members, including a chair and a vice chair, who are appointed by the President of the United States and confirmed by the Senate. Each member serves a 14-year term, designed to provide stability and continuity in monetary policy. The board oversees the Federal Reserve System, guides its monetary policy, and ensures the safety and soundness of the banking system. Members typically have backgrounds in economics, finance, or banking.