<P> The Chair and Vice Chair of the Board of Governors are appointed by the President from among the sitting Governors . They both serve a four - year term and they can be renominated as many times as the President chooses, until their terms on the Board of Governors expire . </P> <P> The current members of the Board of Governors are as follows: </P> <Table> <Tr> <Th> Governor </Th> <Th> Political Party </Th> <Th> Entered office </Th> <Th> Term expires </Th> </Tr> <Tr> <Td> Jerome Powell (Chair) </Td> <Td> Republican </Td> <Td> February 5, 2018 (as Chair) May 25, 2012 (as Governor) June 16, 2014 (new term) </Td> <Td> February 5, 2022 (as Chair) January 31, 2028 (as Governor) </Td> </Tr> <Tr> <Td> Vacant (Vice Chair) </Td> <Td> </Td> <Td> </Td> <Td> N / A (as Vice Chair) January 31, 2020 (as Governor) </Td> </Tr> <Tr> <Td> Randal Quarles (Vice Chair for Supervision) </Td> <Td> Republican </Td> <Td> October 13, 2017 (as Vice Chair for Supervision) October 13, 2017 </Td> <Td> October 13, 2021 (as Vice Chair for Supervision) January 31, 2018 (as Governor) </Td> </Tr> <Tr> <Td> Lael Brainard </Td> <Td> Democratic </Td> <Td> June 16, 2014 </Td> <Td> January 31, 2026 </Td> </Tr> <Tr> <Td> Vacant </Td> <Td> </Td> <Td> </Td> <Td> January 31, 2022 </Td> </Tr> <Tr> <Td> Vacant </Td> <Td> </Td> <Td> </Td> <Td> January 31, 2024 </Td> </Tr> <Tr> <Td> Vacant </Td> <Td> </Td> <Td> </Td> <Td> January 31, 2030 </Td> </Tr> </Table> <Tr> <Th> Governor </Th> <Th> Political Party </Th> <Th> Entered office </Th> <Th> Term expires </Th> </Tr>

The current chairman of the board of governors of the federal reserve system (the fed ) is