This is the most expensive rug ever sold. This beautiful seventeenth century Persian rug sold for nearly $34 million today at a Sotheby's auction in New York City.
The current chair is Janet Yellen, who took over for Ben Bernanke on February 3, 2014. There are 12 regional Federal Reserve Banks located in major cities around the country that operate under the supervision of the Board of Governors.
Before she was appointed chairwoman of the Federal Reserve, Yellen served for three years as vice chair, ran the San Francisco Fed for six years, ran the Council of Economic Advisors (CEA) for two years, served for three years on the Fed Board of Governors and was an economist at the board in the late 1970s.