The Chair of the Federal Reserve is appointed by the President of the United States from among the sitting members of the Federal Reserve Board of Governors. This appointment is for a four-year term and requires confirmation by the U.S. Senate. The Senate Committee on Banking is responsible for vetting the nominee. The Chair may serve multiple terms if re-nominated and reconfirmed
. For example, Jerome Powell was first nominated by President Donald Trump in 2017 and confirmed by the Senate. He was later nominated for a second term by President Joe Biden and confirmed again in 2022
