January 31, 2018

Federal Open Market Committee unanimously selects Jerome H. Powell to serve as its Chairman, effective February 3, 2018

For release at 2:00 p.m. EST

The Federal Open Market Committee, at its annual organizational meeting this week, unanimously selected Jerome H. Powell to serve as its Chairman, effective February 3, 2018. He is scheduled to be sworn in as Chairman of the Board of Governors of the Federal Reserve System on the next business day at approximately 9 a.m. EST February 5.

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Last Update: January 31, 2018