<Tr> <Th> Website </Th> <Td> Official bio </Td> </Tr> <P> 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 position is known colloquially as "Chair of the Fed" or "Fed Chair". The chair is the "active executive officer" of the Board of Governors of the Federal Reserve System . </P> <P> The chair is chosen by the President of the United States from among the members of the Board of Governors; and serves for four - year - terms after appointment . A chair may be appointed for several consecutive terms . William Martin was the longest serving chair, holding the position from 1951 to 1970 . </P> <P> The current Chairman is Jerome Powell, who was sworn in on February 5, 2018 . He was nominated to the position by President Donald Trump on November 2, 2017, and was later confirmed by the United States Senate . </P>

Who chooses the chairman of the federal reserve