This blog, ultimately, is my attempt to aggregate all of the most important stories about the Federal Reserve into once place. I’ve been following the FOMC since starting my finance career as a fixed income trader during the heart of the 2008 Financial Crisis. My goal with this blog is to aggregate some of the most important news about the most important club in the world.
To start this blog, I feel like the most important thing to do is let you know about whom I will be writing. The Federal Open Market Committee is by far the most important group of people when it comes to monetary and economic policy, and most people have no idea who they are. The seven members (only four as of this writing) of the Board of Governors serve fourteen year terms, and a rotating panel of the eleven regional Federal Reserve Bank presidents serve as voting and nonvoting members.
Federal Reserve Board of Governors (nominated by the POTUS):
- Janet Yellen
- Chair of the FOMC and of the Board of Governors
- Ms. Yellen’s term as Chair runs until February 2018
- Ms. Yellen’s term on the Board runs until February 2024
- vacant
- Vice Chair of the Board of Governors
- Randal Quarles
- Vice Chair for Supervision
- Mr. Quarles’ term as Vice Chair for Supervision runs until October 2021
- Lael Brainard
- Ms. Brainard’s term on the Board runs until February 2026
- Jerome Powell
- Mr. Powell’s term on the Board runs until February 2028
- vacant
- vacant
Presidents of the regional Federal Reserve Banks (currently voting members)
- William Dudley
- Vice Chair of the FOMC
- President of the Federal Reserve Bank of New York
- Charles Evans
- President of the Federal Reserve Bank of Chicago
- Patrick Harker
- President of the Federal Reserve Bank of Philadelphia
- Robert Kaplan
- President of the Federal Reserve Bank of Dallas
- Neel Kashkari
- President of the Federal Reserve Bank of Minneapolis
Presidents of the regional Federal Reserve Banks (currently nonvoting members)
- Raphael Bostic
- President of the Federal Reserve Bank of Atlanta
- Loretta Mester
- President of the Federal Reserve Bank of Cleveland
- Mark Mullinix
- Vice President of the Federal Reserve Bank of Richmond
- Michael Strine
- Vice President of the Federal Reserve Bank of New York
- John Williams
- President of the Federal Reserve Bank of San Francisco
Four Plus Trillion 