The highest position in the Federal Reserve System is the Chair of the Board of Governors.
The Chair is the leader of the Federal Reserve and holds significant influence over the nation's monetary policy and financial stability. This position is important in shaping economic policies, making decisions on interest rates and overseeing the central bank's operations.
The Chair of the Board of Governors is appointed by the President of the United States and confirmed by the Senate. They serve a four-year term and can be reappointed.
The Chair presides over meetings of the Federal Open Market Committee (FOMC) which is responsible for setting interest rates and implementing monetary policy.