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Ben S. Bernanke was sworn in on February 1, 2006, as Chairman and a member of the Board of Governors of the Federal Reserve System. Dr. Bernanke also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body. He was appointed as a member of the Board to a full 14-year term, which expires January 31, 2020, and to a four-year term as Chairman, which expires January 31, 2010.
We also use 12 district Federal reserve banks which are located throughout the nation. Any decisions that are made by the Feds have an impact on the economy. It could be a positive impact or a negative impact, but there are always some repercussions...
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