Question: who was the first chairman of the federal reserve
Answer: Chair of the Board of Governors of the Federal Reserve System Seal of the Federal Reserve Board of Governors Flag of the Federal Reserve System Incumbent Jerome Powell since February 5 , 2018 Appointer the President of the United States ( with Senate advice and consent ) Formation August 10 , 1914 ; 103 years ago ( 1914 - 08 - 10 ) First holder Charles Sumner Hamlin Salary $201,700 ( 2017 ) Website Official bio