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.
President Donald Trump has selected Federal Reserve board member Jerome Powell as the next chairman of the U.S. central bank, succeeding Janet Yellen. Trump made the announcement Wednesday afternoon at a White House ceremony. He has proven to be a consensus builder, Trump said.