Kevin Warsh
Chair
From the Board's official biography
Listed by the Board as: Kevin Warsh, Chairman
Kevin Warsh took office as chairman of the Board of Governors of the Federal Reserve System on May 22, 2026, for a four-year term ending on May 21, 2030.
Kevin Warsh took office as chairman of the Board of Governors of the Federal Reserve System on May 22, 2026, for a four-year term ending on May 21, 2030. Mr. Warsh also serves as chairman of the Federal Open Market Committee, the Federal Reserve System's principal monetary policymaking body. Additionally, he is a member of the Board of Governors, with his term ending on January 31, 2040. He was previously a member of the Board of Governors from 2006 to 2011.
After leaving the Board in 2011, Mr. Warsh was the Shepard Family Distinguished Visiting Fellow in Economics at Stanford University's Hoover Institution and a lecturer at the Stanford Graduate School of Business. He was also a partner at Duquesne Family Office.
Mr. Warsh served as special assistant to the president for economic policy and as executive secretary of the National Economic Council from 2002 until 2006. During that time, he was also a member of the President's Working Group on Financial Markets.
From 1995 to 2002, Mr. Warsh worked at Morgan Stanley as vice president and executive director.
He was born in April 1970 in Albany, New York. He received an AB from Stanford University in 1992 and a JD from Harvard Law School in 1995.
Quoted verbatim from the Board of Governors' biography of Kevin Warsh, a U.S. Government work in the public domain. Retrieved Sep 2, 2026, 9:58 a.m. ET. Nothing above is written by this site.
What a governor does
The Board of Governors has seven seats. Every governor is a permanent voting member of the Federal Open Market Committee, which sets the target range for the federal funds rate, and shares in the Board's other work: supervising the largest banks, setting reserve requirements and the discount rate, and overseeing the twelve regional Reserve Banks.
A full term is fourteen years, and the terms are staggered so that one expires every two years. The length is deliberate. It is meant to outlast any single President, so that a governor's decisions are not made with the next election in mind. A governor appointed to fill an unexpired term can be reappointed to a full one; a governor who has served a full term cannot.
How the Chair is chosen
The Chair and the two Vice Chairs are governors first. They are designated to those roles by the President from among the sitting governors, for four-year terms, and each designation is confirmed separately by the Senate. A Chair whose four-year designation ends can remain on the Board as a governor for the rest of their fourteen-year term.
The Chair presides over the Board and the FOMC, testifies to Congress twice a year, and gives the press conference after each meeting. On the Committee itself, the Chair holds one vote of twelve.
Where this fits
The full current roster, the twelve districts and the plain-language primer are on What is the Federal Reserve?. The meeting schedule is on the FOMC calendar.