Chair of the Federal Reserve

Chair of the Board of Governors of the Federal Reserve System
Chair of the Board of Governors of the Federal Reserve System
	Seal of the Federal Reserve Board of Governors
	Flag of the Federal Reserve System
	Incumbent; Kevin Warsh; since May 22, 2026
Appointer	President of the United States
Formation	August 10, 1914
First holder	Charles Sumner Hamlin
Salary	$201,700 (2014)
Website	Bios

The Chair of the Board of Governors of the Federal Reserve System is the head of the central banking system of the United States. The job is known as "Chair of the Fed" or "Fed Chair". The chair is in charge of the Board of Governors of the Federal Reserve System.

The chair is chosen by the President of the United States from among members of the Board of Governors; and serves for four-year-terms after appointment. A chair may be appointed for many terms. William Martin was the longest serving chair, holding the position from 1951 to 1970.

The current chair is Kevin Warsh upon taking office on May 22, 2026.

List of chairs

#	Portrait	Name (birth–death)	Term of office		Tenure length	Appointed by	Previous experience	Education
#	Portrait	Name (birth–death)	Start of term	End of term	Tenure length	Appointed by	Previous experience	Education
-		William Gibbs McAdoo (1863–1941)	December 23, 1913	August 10, 1914	230 days	ex officio	Lawyer Secretary of the Treasury	University of Tennessee (BA)
1		Charles Hamlin (1861–1938)	August 10, 1914	August 9, 1916	1 year, 365 days	Woodrow Wilson	Lawyer Assistant Secretary of the Treasury	Harvard University (BA, MA)
2		William Harding (1864–1930)	August 10, 1916	August 9, 1922	5 years, 364 days	Woodrow Wilson	Banker Member of the Federal Reserve Board	University of Alabama (BA, MA)
3		Daniel Crissinger (1860–1942)	May 1, 1923	September 15, 1927	4 years, 137 days	Warren G. Harding	Lawyer 14th Comptroller of the Currency	University of Akron (BS) University of Cincinnati (LLB)
4		Roy Young (1882–1960)	October 4, 1927	August 31, 1930	2 years, 331 days	Calvin Coolidge	Banker 3rd President of the Federal Reserve Bank of Minneapolis
5		Eugene Meyer (1875–1959)	September 16, 1930	May 10, 1933	2 years, 236 days	Herbert Hoover	Financier	Yale University (BA)
6		Eugene Black (1873–1934)	May 19, 1933	August 15, 1934	1 year, 88 days	Franklin D. Roosevelt	Lawyer President of the Federal Reserve Bank of Atlanta	University of Georgia (BA) Atlanta Law School (LLB)
7		Marriner Eccles (1890–1977)	November 15, 1934	January 31, 1948	13 years, 77 days	Franklin D. Roosevelt	Banker
8		Thomas McCabe (1893–1982)	April 15, 1948	March 31, 1951	2 years, 350 days	Harry S. Truman	Business executive	Swarthmore College (BA)
9		William McChesney Martin (1906–1998)	April 2, 1951	January 31, 1970	18 years, 304 days	Harry S. Truman Dwight D. Eisenhower John F. Kennedy Lyndon B. Johnson	Financier President of the New York Stock Exchange	Yale University (BA) Columbia University
10		Arthur Burns (1904–1987)	February 1, 1970	January 31, 1978	7 years, 364 days	Richard Nixon Gerald Ford	Economist 3rd Chairman of the Council of Economic Advisers Counselor to the President	Columbia University (BA, MA, PhD)
11		William Miller (1925–2006)	March 8, 1978	August 6, 1979	1 year, 151 days	Jimmy Carter	Lawyer, investment banker, business executive	United States Coast Guard Academy (BS) University of California, Berkeley (LLB)
12		Paul Volcker (1927–2019)	August 6, 1979	August 11, 1987	8 years, 5 days	Jimmy Carter Ronald Reagan	Economist President of the Federal Reserve Bank of New York	Princeton University (BA) Harvard University (MA)
13		Alan Greenspan (1926–2026)	August 11, 1987	January 31, 2006	18 years, 173 days	Ronald Reagan George H. W. Bush Bill Clinton George W. Bush	Economist 10th Chairman of the Council of Economic Advisers	New York University (BA, MA, PhD)
14		Ben Bernanke (born 1953)	February 1, 2006	January 31, 2014	7 years, 364 days	George W. Bush Barack Obama	Economist 23rd Chairman of the Council of Economic Advisers	Harvard University (BA, MA) Massachusetts Institute of Technology (PhD)
15		Janet Yellen (born 1946)	February 3, 2014	February 3, 2018	4 years, 0 days	Barack Obama	Economist 19th Vice Chair of the Federal Reserve 11th President of the Federal Reserve Bank of San Francisco 18th Chair of the Council of Economic Advisers	Brown University (BA) Yale University (MA, PhD)
16		Jerome Powell (born 1953)	February 5, 2018	May 22, 2026	8 years, 106 days	Donald Trump Joe Biden	Lawyer and investment banker Under Secretary of the Treasury for Domestic Finance Assistant Secretary of the Treasury for Financial Institutions	Princeton University (BA) Georgetown University (JD)
17		Kevin Warsh (born 1970)	May 22, 2026	Incumbent	38 days	Donald Trump	Investment banker and financier	Stanford University (BA) Harvard University (JD)