Recent economic strength and hot inflation readings may justify holding interest rates steady for longer, said Philip Jefferson, vice chair of the Federal Reserve’s Board of Governors.

The main role of the Board of Governors is to manage the Federal Reserve system by overseeing the 12 Reserve Banks and providing guidance when they lend to depository institutions. It also ...

Trump could, however, shape monetary policy through appointments to the Federal Reserve Board of Governors ... expires in July 2026 and Gov. Phillip Jefferson’s term as vice chair ends in ...

Congressional Republicans are urging the Trump administration not to drag its feet in naming a new top regulator to the Federal Reserve Board ... three governors, the committee is currently unchaired ...

Outgoing Federal Reserve Chair Janet Yellen on Monday resigned her position as a member of the central bank's board of governors, effective upon the swearing in of her successor, Jerome Powell, as ...

The Federal Reserve is the central bank of the United States and the anchor of the country's financial system and economic health. It’s governed by a federal Board of Governors appointed by the ...

plus Philip Jefferson and Lisa Cook, both African Americans. Ms Cook is the first African American woman to sit on Federal Reserve's Board of Governors The oath was administered by Chair Jerome H.

The Federal Reserve System consists of three entities: the Federal Reserve Board of Governors, 12 regional banks, and the Federal Open Market Committee (FOMC). There's a bank that you use to ...

The Federal Reserve Act also created the Federal Reserve Board of Governors, who oversee the 12 Federal Reserve Banks, set their reserve requirements, and manage the discount window. They also ...