Talk:Chair of the Federal Reserve
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History needs a little work
This page could benefit from some update to correct a minor misimpression. The Board of GOVERNORS of the Federal Reserve did not exist prior to the major reorganizaton of the Fed in 1935 (Banking Act of 1935). Prior to that time, the "Federal Reserve Board" (created in 1914 under the Federal Reserve Act of 1913) had a Board of DIRECTORS. Their salaries were significantly lower and their term of office were much shorter prior to 1935. (Essentially, the board folks in Washington were out-statused by the elite of the regional banks prior to 1935.)
Using the consumer price index (maybe not appropriately) the salaries are close to but less now than they were in 1913, in inflation adjusted dollars.  — Preceding unsigned comment added by 126.96.36.199 (talk) 05:02, 9 October 2013 (UTC)
Prior to 1935, the heads of the twleve district "Federal Reserve Banks" were called "Governors." In the 1935 act, the district heads had their titles changed to "President" (e.g., "President of the Federal Reserve Bank of St. Louis"), as part of a major shift of power to Washington.
Thus, Mariner Eccles was the first actual Chairman of the Board of Goernors of the Federal Reserve Board. The others prior to 1935 were Chairman of a Board of Directors of much more circumscribed power. FED using multiple policysy to regulate economy Great original sources are:
- Beckhart, Benjamin Haggott. 1972. Federal Reserve System. [New York]: American Institute of Banking.
- Meltzer, Allan H. 2003. A history of the Federal Reserve : Volume 1, 1913 -- 1951. Chicago :: University of Chicago Press.
- Shull, Bernard. 2005. The fourth branch : the Federal Reserve's unlikely rise to power and influence. Westport, Conn.: Praeger.
I do not have time today to update the article and wikify the sources. N2e 13:04, 11 May 2006 (UTC)
- This is now fixed. I updated the article and added references on 30 May, and also today made a cleanup correction for something that went amuck on a previous fix of some vandalism. N2e 16:51, 29 June 2006 (UTC)
I propose Chairperson of the Federal Reserve.100110100 07:50, 1 April 2007 (UTC)
- Unless the government changes the name of this position, we can't just change it on here without sourcing. Also, the President should never appoint someone to a position 'just because' that person is black, as that would be reverse descrimination. It should be appointed to the most qualified person, so if that person happens to be black or a woman, then great. —Preceding unsigned comment added by Kman543210 (talk • contribs) 23:17, 9 April 2008 (UTC)
Chairmen pro tem
Could someone who knows about this subject explain why two of those who have held the post have only been Chairman of the Federal Reserve pro tem? One appears to have held the office on a temporary basis when his term expired and pending the appointment of a successor, but in the case of Alan Greenspan, his period of temporary appointment occurs in the middle of a long appointment. His own biography doesn't appear to explain why. Sam Blacketer (talk) 23:52, 9 June 2009 (UTC)
Supposed gender neutrality
Obviously a woman could hold the post, but that doesn't change whether or not the legal title is "Chairman" or "Chair". For example, even a female US Senator who chairs a committee is titled "Chairman". Also, Chairman is not a gendered term. —Preceding unsigned comment added by 188.8.131.52 (talk) 05:32, 27 October 2009 (UTC)
Supposed racial neutrality
Obviously a gentile could theoretically hold the post, but that doesn't change weather or not one would ever be permitted to do so without risking the way it is currently run. — Preceding unsigned comment added by 184.108.40.206 (talk) 17:37, 9 October 2013 (UTC)
Chair vs. Chairman
This article was recently renamed from 'Chairman of the Federal Reserve' to 'Chair of the Federal Reserve'. The new title is incorrect. The position was created by the Federal Reserve Act which refers to the 'chairman of the Federal reserve bank ' - Crosbiesmith (talk) 15:52, 1 November 2009 (UTC)
I would like to propose adding a description of the chairman's powers (i.e. adjusting interest rate, etc)
Presidents' column in list messed up
It appears there is an issue with the column showing presidents in the list. My take is that the intention was to show each president and each fed chairman once, with horizontal lines of those two columns offset when the chairman changed during a presidential term. But, it isn't shown that way in every case. If the dates in the term column are correct, the term of Burns should be shown overlapping the term of Nixon; the term of Volker should be shown overlapping the term of Carter; the term of Greenspan should be shown overlapping the term of Carter; and the term of Bernanke should be shown overlapping the term of George W. Bush. There are probably other examples. To show as I think was intended is beyond my editing skills.
In additon, the link for reference 8 ("Fed Leadership and the 2000 Election". Financial Markets Center. February 26, 1999. Retrieved December 10, 2007) is broken. SlowJog (talk) 04:36, 16 September 2013 (UTC)
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pls include info on jews controlling our money
Is "Chair" actually gender neutral?
I say not out of any personal view of the genderedness (or lack thereof) of the word "Chairman", but because of the Fed's usage. When the page was moved it was noted was Yellen was already styled "Vice-Chair". But interestingly, while she has, as expected, been known as the "Chair", Stanley Fischer, is noted as being the "Vice-Chairman" on the Fed website. There is a list of the of the "Chairmen" on the website, inclusive of Yellen. This would suggest she is one of the Chairmen of the Federal Reserve and that that is the title of the office. Thus there is divergence between Yellen's title- which is clearly Chair- and that of the office, which would appear to be Chairman. This implies that Chair is actually the female gendered counterpart of the ungendered Chairman insofar as the Federal Reserve is concerned; it is therefore disingenuous to title the page "Chair of the Federal Reserve". Unless the title of the office changes with the gender of the occupant much like that of the King/Queen of the United Kingdom, which could be the case, but it would still mean that the neutral term is Chairmen. At the very least, it would mean that there should be a list of the "Chairmen of the Federal Reserve" rather than a list of "Chairs" (which would be tantamount to having a list of Chairwomen) or that Ben Bernanke was the "Chairman" of the Federal Reserve, not the "Chairperson" as his article presently styles him, much less the "Chair".
Interestingly, enough, Yellen's page on the Fed website notes that she "also serves as Chairman of the Federal Open Market Committee, the System's principal monetary policymaking body." (emphasis added)