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.
Federal Reserve Chairman Jerome Powell takes the oath of office. Jerome Powell officially took the helm of the Federal Reserve Board on Monday, replacing Janet Yellen in a carefully choreographed transition. Powell was sworn in Monday morning in a private ceremony.