The Chair of the Federal Reserve is appointed by the President of the United States from among the sitting members of the Federal Reserve Board of Governors. This appointment requires the advice and consent of the U.S. Senate, meaning the Senate must confirm the nominee. The Chair serves a four- year term and may be reappointed for multiple terms, each requiring a new nomination and Senate confirmation

. In summary:

• The President nominates the Fed Chair.
• The Senate confirms the nominee.
• The Chair serves a four-year term, with the possibility of reappointment subject to the same process