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2007-03-26 02:30:48 · 5 answers · asked by doughboy0022000 2 in Business & Finance Investing

5 answers

The Board of Governors, a government agency, is in charge of the Federal Reserve system. The members are appointed by the president and confirmed by Congress.

The current board consists of

- Ben S. Bernanke, Chairman
- Donald L. Kohn Vice Chairman
- Susan Schmidt Bies
- Kevin M. Warsh
- Randall S. Kroszner
- Frederic S. Mishkin

Ref: http://www.federalreserve.gov/bios/


The branches are organized more like private corporations. Each branch has 9 board members. 6 are elected by members, 3 are appointed by the Board of Governors.


Structure:

http://www.federalreserveeducation.org/fed101/structure/

2007-03-26 05:19:32 · answer #1 · answered by gray shadow 6 · 0 1

Who ever is the current CEO. I do not know the man's name since Greenspan retired.

The Federal Reserve is a private corporation that uses government printing presses to create currency out of thin air, loans it to the US government who in turn pays high interest on it.

The Federal Reserve is in violation of the 1st Amendment of the US Constitution. Signed into law by Pres. Woodrow Wilson in 1913.

Please read the information supplied below for the truth of the Federal Reserve System.

2007-03-26 09:51:53 · answer #2 · answered by pinelake302 6 · 1 0

"Ben S. Bernanke was sworn in on February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System. Dr. Bernanke also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policy making body. He was appointed as a member of the Board to a full 14-year term, which expires January 31, 2020, and to a four-year term as Chairman, which expires January 31, 2010."

2007-03-26 09:54:13 · answer #3 · answered by Alex 5 · 0 1

Each Federal Reserve Bank has its own president. The presidents of the regional banks, the chairment of the Fed and other board members form a governing body for the system.

2007-03-26 15:46:05 · answer #4 · answered by Ranto 7 · 0 1

Berneke or something like that is the new chairman of the fed.

2007-03-26 09:32:55 · answer #5 · answered by Anonymous · 0 1

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