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The chairman is appointed for a four-year term by the President of the United States (subject to Senate confirmation) from among the sitting board members. The chairman reports twice a year to Congress on the Federal Reserve's monetary policy objectives, testifies before Congress on numerous other issues, and meets periodically with the Secretary of the Treasury.

The current chairman is Alan Greenspan, who was appointed by Ronald Reagan on August 11, 1987. Greenspan was re-appointed once by George H. W. Bush, twice by Bill Clinton, and most recently by George W. Bush in 2004. His current term ends in June 2008, although his separate 14-year term as a board member expires January 31, 20062006 is a common year starting on Sunday (see link for calendar). It has been designated: The International Year of Deserts and Desertification Predicted events January 9 Planned launch date of New Horizons February 28 Mardi Gras February 9 Independence r.

Chairmen of the Federal Reserve

1. Charles S. Hamlin ( August 10August 10 is the 222nd day of the year (223rd in leap years) in the Gregorian Calendar. There are 143 days remaining. The term "the 10th of August" is widely used by historians as a shorthand for the Storming of the Tuileries Palace on August 10, 1792, th, 1914Events January 4 77 seal hunters freeze to death on ice near Labrador January 5 Ford Motor Company announces an eight-hour workday and a minimum wage of $5 for a day's labor February 13 Copyright: In New York City the ASCAP (for American Society of Compos – August 9August 9 is the 221st day of the year in the Gregorian Calendar (222nd in leap years), with 144 days remaining. Events 48 BC Roman Civil War: Battle of Pharsalus Julius Caesar decisively defeats Pompey at Pharsalus and Pompey flees to Egypt. 378 Battle of, 19161916 is a leap year starting on Saturday (link will take you to calendar) Events January 1 -The first successful blood transfusion using blood that had been stored and cooled. Impressionist Monet paints Water Lilies'. January 8 Allied forces withdraw from)
2. W. P. G. Harding ( August 10August 10 is the 222nd day of the year (223rd in leap years) in the Gregorian Calendar. There are 143 days remaining. The term "the 10th of August" is widely used by historians as a shorthand for the Storming of the Tuileries Palace on August 10, 1792, th, 19161916 is a leap year starting on Saturday (link will take you to calendar) Events January 1 -The first successful blood transfusion using blood that had been stored and cooled. Impressionist Monet paints Water Lilies'. January 8 Allied forces withdraw from – August 9August 9 is the 221st day of the year in the Gregorian Calendar (222nd in leap years), with 144 days remaining. Events 48 BC Roman Civil War: Battle of Pharsalus Julius Caesar decisively defeats Pompey at Pharsalus and Pompey flees to Egypt. 378 Battle of, 1922Events January 7 Dali Eireann ratifies the Anglo-Irish Treaty by 64-57 votes. January 10 Arthur Griffith is elected President of Dail Eireann January 11 First successful insulin treatment of diabetes. January 12 British government releases Irish prisoners)
3. Daniel R. Crissinger ( May 1, 1923 – September 15, 1927)
4. Roy A. Young ( October 4, 1927 – August 31, 1930)
5. Eugene Meyer ( September 16, 1930 – May 10, 1933)
6. Eugene R. Black ( May 19, 1933 – August 15, 1934)
7. Marriner S. Eccles¹ ( November 15, 1934 – January 31, 1948)
8. Thomas B. McCabe ( April 15, 1948 – March 31, 1951)
9. Wm. McC. Martin, Jr. ( April 2, 1951 – January 31, 1970)
10. Arthur F. Burns ( February 1, 1970 – January 31, 1978)
11. G. William Miller ( March 8, 1978 – August 6, 1979)
12. Paul A. Volcker ( August 6, 1979 – August 11, 1987)
13. Alan Greenspan² ( August 11, 1987 – present)

¹ Served as Chairman Pro Tempore from February 3, 1948, to April 15, 1948.
² Served as Chairman Pro Tempore from March 3, 1996, to June 20, 1996.