Question: the current chairman of the board of governors of the federal reserve system (the fed ) is
Answer: Governor Political Party Entered office Term expires Jerome Powell ( Chair ) Republican February 5 , 2018 ( as Chair ) May 25 , 2012 ( as Governor ) June 16 , 2014 ( new term ) February 5 , 2022 ( as Chair ) January 31 , 2028 ( as Governor ) Vacant ( Vice Chair ) N / A ( as Vice Chair ) January 31 , 2020 ( as Governor ) Randal Quarles ( Vice Chair for Supervision ) Republican October 13 , 2017 ( as Vice Chair for Supervision ) October 13 , 2017 October 13 , 2021 ( as Vice Chair for Supervision ) January 31 , 2018 ( as Governor ) Lael Brainard Democratic June 16 , 2014 Janu