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.
Ben Bernanke Chairman, Federal Reserve, United States Big Ben is stepping down when he term ends in January 2014, and Janet Yellen has been nominated to lead the Fed next year. Bernanke has steered the Fed during some of the biggest financial challenges since the Depression.