1、CRS INSIGHT Prepared for Members and Committees of Congress Federal Reserve: Background and Reappointment of Previous Chairs Marc Labonte Specialist in Macroeconomic Policy Jennifer Teefy Senior Research Librarian October 4, 2017 Janet Yellens term as Federal Reserve (Fed) Chair expires February 3,
2、2018. Subject to Senate confirmation, President Trump may reappoint her or nominate another individual to replace her. This Insight reviews the reappointment and background of previous Fed Chairs. The qualification requirements to serve in Fed leadership are generalstatute requires the President to
3、“have due regard to a fair representation of the financial, agricultural, industrial, and commercial interests, and geographical divisions of the country.” Yellen and her immediate predecessor, Ben Bernanke, had similar backgroundsboth were PhD economists with previous experience at the Fed, in the
4、executive branch (both were Chair of the Council of Economic Advisers), and in academia. Since the Feds beginning in 1914, the 15 Fed Chairs have had diverse educational and professional backgrounds. For background on the Fed, the nations central bank, see CRS In Focus IF10054, Introduction to Finan
