The Federal Reserve operates as the central bank of the United States, founded in 1913. It conducts the nation's monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates, and promotes the stability of the financial system. Headquartered in Washington, D.C., the Fed operates a hybrid structure combining federal and regional entities.
The organization employs between 1,001-5,000 employees at the Board level, with approximately 24,933 total employees across the Federal Reserve System as of March 2026. The Fed's decentralized structure includes regional entities that help monitor economic conditions across the country and operates as nonpartisan and independent by design.
Recent Leadership News
Kevin Warsh assumed the role of Federal Reserve Chair in 2026, speaking at a news conference on July 29, 2026, following the transition from previous leadership. In July 2026, Warsh announced the leadership and objectives of task forces to advance the conduct of monetary policy.
Facts compiled by Executive Moves from publicly available news and press releases on 8 August 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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