Who runs the central bank in the US?

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2026-04-03 00:00

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The central bank of the United States, known as the Federal Reserve, is run by a Board of Governors, which consists of seven members appointed by the President and confirmed by the Senate. The Federal Reserve also includes 12 regional Reserve Banks, each overseen by a president and a board of directors. The Chair of the Federal Reserve, currently Jerome Powell as of my last knowledge update in October 2023, plays a critical role in guiding monetary policy and representing the bank. The Federal Open Market Committee (FOMC), which includes the Board of Governors and regional bank presidents, is responsible for setting key interest rates and monetary policy.

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