Who is chair of the federal reserve

Ferguson, Jr. June 23, - June 23, Donald L. Kohn Oct. Yellen June 16, - Oct. McAdoo Secretary of the Treasury Dec. Hamlin Boston Aug. Served until Feb. Paul M. Warburg New York Aug. Frederic A.

Delano Chicago Aug. Harding Atlanta Aug. Adolph C. Miller San Francisco Aug. Reappointed in from the Richmond District. Albert Strauss New York Oct. Carter Glass Secretary of the Treasury Dec. Moehlenpah Chicago Nov. David F. Houston Secretary of the Treasury Feb. Resigned Sept. David C. Wills Cleveland Sept. Andrew W. Mellon Secretary of the Treasury Mar. Mitchell Minneapolis May 12, Resigned May 12, Milo D. Campbell Chicago Mar.

Daniel R. Crissinger Comptroller of the Currency Mar. Crissinger Cleveland May 1, Resigned Sept. Henry M. Dawes Comptroller of the Currency May 1, Dec. James St. Louis May 14, Reappointed in Edward H. Cunningham Chicago May 14, Died Nov. Joseph W. McIntosh Comptroller of the Currency Dec. Young Minneapolis Oct. Pole Comptroller of the Currency Nov. Wayland W. Ogden L. Mills Secretary of the Treasury Feb. Woodin Secretary of the Treasury Mar. Black Atlanta May 19, Resigned Aug.

Szymczak Chicago June 14, Reappointed in and Resigned May 31, Henry Morgenthau, Jr. Secretary of the Treasury Jan. Eccles San Francisco Nov.

Resigned July 14, Joseph A. Broderick New York Feb. John K. McKee Cleveland Feb. Ronald Ransom Atlanta Feb. Died Dec. Ralph W. Morrison Dallas Feb.

Chester C. Davis Richmond June 25, Reappointed in Resigned Apr. Ernest G. Draper New York Mar. Rudolph M. Evans Richmond Mar. James K. Vardaman, Jr. Louis Apr. Lawrence Clayton Boston Feb. Thomas B. McCabe Philadelphia Apr. Edward L. Norton Atlanta Sept. Oliver S. Powell Minneapolis Sept. Martin, Jr.

New York Apr. Term expired Jan. Mills, Jr. San Francisco Feb. Resigned Feb. Robertson Kansas City Feb. Canby Balderston Philadelphia Aug. Paul E. Miller Minneapolis Aug. Shepardson Dallas Mar. King, Jr. Atlanta Mar. George W. Mitchell Chicago Aug. Dewey Daane Richmond Nov. Sherman J. Maisel San Francisco Apr. Andrew F. Brimmer Philadelphia Mar. William W. Sherrill Dallas May 1, Reappointed in Resigned Nov. Arthur F. Burns New York Jan. Resigned Mar. John E. Sheehan St. Louis Jan.

Jeffrey M. Robert C. Henry C. Wallich Boston Mar. Philip E. Coldwell Dallas Oct. Philip C. Jackson, Jr. Atlanta July 14, Resigned Nov. Charles Partee Richmond Jan. Stephen S. Gardner Philadelphia Feb. David M. Lilly Minneapolis June 1, Resigned Feb. William Miller San Francisco Mar. Nancy H. Teeters Chicago Sept. Emmett J. Frederick H. Schultz Atlanta July 27, Served through Feb. Paul A. Volcker Philadelphia Aug.

Lyle E. Roy A. Calvin Coolidge Herbert Hoover. Eugene Meyer. Herbert Hoover Franklin D. Eugene R. Franklin D. Marriner S. January 31, [13]. Roosevelt Harry S. Thomas B. Harry S. William McChesney Martin, Jr. Truman Dwight D. Eisenhower John F. Kennedy Lyndon B. Johnson Richard M. We need a seasoned hand to steer us through the post-pandemic recovery. And so on. They were enough to convince Bill Clinton, and the country paid a high price for his decision.

Ironically, former president Ronald Reagan gave short shrift to these arguments when he effectively fired Paul Volcker in , denying him reappointment after he had tamed inflation. Reagan owed Volcker a great deal, but because he wanted to pursue deregulation, he opted for Greenspan, an acolyte of Ayn Rand. Economic policymaking requires careful judgment and a recognition of trade-offs.

How important is inflation versus jobs and growth? How confident can we be that markets are efficient, stable, fair, and competitive on their own? How concerned should we be about inequality? To my mind, the Democrats are right to worry more about the consequences of joblessness.

The crisis showed that unfettered markets are neither efficient nor stable. Moreover, we know that marginalised groups have been brought into the economy and wage disparities reduced only when labour markets are tight.

The coming years are likely to test any Fed chair. The US is already facing tough judgment calls concerning inflation and what to do about it. Are recent price increases mostly hiccups resulting from an unprecedented economic shutdown?