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.
The Senate confirmed Janet Yellen as the next Federal Reserve chairman Monday, ensuring that the central bank's pro-growth policies since the Great Recession will likely continue. The 56-26 vote for President Obama's nominee was largely along party lines in the Democratic-controlled Senate.