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 chairman of the Board of Governors of the Federal Reserve System serves as the committee's chairman. The New York Fed president serves as the committee's vice chairman. At the end of each FOMC meeting, a directive is issued to guide the open market operations of the New York Fed until the next meeting.