Governor, Board of Governors
2026 voter 2027 voter
| Institution | Board of Governors |
|---|---|
| Current role since | May 23, 2022 |
| Term ends | January 31, 2038 |
| Official page | www.federalreserve.gov |
| On X | @federalreserve |
Reappointed September 2023 for a term ending January 31, 2038. The official bio does not mention any removal proceeding.
| Meeting | Decision | Vote | Preference |
|---|---|---|---|
| October 28, 2026 | hold 3.75–4.00% | Dissent, for a hike | Preferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting. |
| September 16, 2026 | hike 3.75–4.00% | With majority | |
| July 29, 2026 | hold 3.50–3.75% | With majority | |
| June 17, 2026 | hold 3.50–3.75% | With majority | |
| April 29, 2026 | hold 3.50–3.75% | With majority | |
| March 18, 2026 | hold 3.50–3.75% | With majority | |
| January 28, 2026 | hold 3.50–3.75% | With majority | |
| December 10, 2025 | cut 3.50–3.75% | With majority | |
| October 29, 2025 | cut 3.75–4.00% | With majority | |
| September 17, 2025 | cut 4.00–4.25% | With majority | |
| July 30, 2025 | hold 4.25–4.50% | With majority | |
| June 18, 2025 | hold 4.25–4.50% | With majority | |
| May 7, 2025 | hold 4.25–4.50% | With majority | |
| March 19, 2025 | hold 4.25–4.50% | With majority | |
| January 29, 2025 | hold 4.25–4.50% | With majority | |
| December 18, 2024 | cut 4.25–4.50% | With majority | |
| November 7, 2024 | cut 4.50–4.75% | With majority | |
| September 18, 2024 | cut 4.75–5.00% | With majority | |
| July 31, 2024 | hold 5.25–5.50% | With majority | |
| June 12, 2024 | hold 5.25–5.50% | With majority | |
| May 1, 2024 | hold 5.25–5.50% | With majority | |
| March 20, 2024 | hold 5.25–5.50% | With majority | |
| January 31, 2024 | hold 5.25–5.50% | With majority | |
| December 13, 2023 | hold 5.25–5.50% | With majority | |
| November 1, 2023 | hold 5.25–5.50% | With majority | |
| September 20, 2023 | hold 5.25–5.50% | With majority | |
| July 26, 2023 | hike 5.25–5.50% | With majority | |
| June 14, 2023 | hold 5.00–5.25% | With majority | |
| May 3, 2023 | hike 5.00–5.25% | With majority | |
| March 22, 2023 | hike 4.75–5.00% | With majority | |
| February 1, 2023 | hike 4.50–4.75% | With majority | |
| December 14, 2022 | hike 4.25–4.50% | With majority | |
| November 2, 2022 | hike 3.75–4.00% | With majority | |
| September 21, 2022 | hike 3.00–3.25% | With majority | |
| July 27, 2022 | hike 2.25–2.50% | With majority | |
| June 15, 2022 | hike 1.50–1.75% | With majority |
Source: FOMC statements, federalreserve.gov. From June 2026 the statements name only dissenters; majorities are inferred from the voting roster.
September 30, 2026 SpeechHawkish
2026 Investing in Rural America Conference, Federal Reserve Bank of Richmond, Asheville, North Carolina.
As you know, I voted along with the rest of the FOMC to raise rates 25 basis points at the recent September meeting. I am committed to returning inflation to our objective while preserving the strength in the labor market.
September 28, 2026 SpeechHawkish
Oakland Tech Week Opening Keynote, cohosted by the Kapor Center, Oakland, California.
As you know, I voted along with the rest of the FOMC to raise rates 25 basis points at the recent September meeting.
August 5, 2026 SpeechHawkish
2026 Economic Luncheon of the Anchorage Economic Development Corporation, Anchorage, Alaska.
As I have described, inflation is too high, and I consider the risks to the inflation side of the dual mandate higher than the risks to the employment side at this point. As such, I am prepared to act by raising rates, if necessary.
July 15, 2026 SpeechHawkish
At The Exchequer Club of Washington D.C., Washington, D.C..
Monetary Policy Considerations Turning to monetary policy, I voted with the rest of the FOMC last month to keep rates steady. I supported this stance, because the two main factors that have pushed up inflation over the past year—tariffs and the conflict in the Middle East—should, in theory, result in only short-lived increases in inflation.
June 24, 2026 Speech
State of Small Business Symposium hosted by the Federal Reserve Bank of Cleveland (via pre-recorded video).
Achieving our dual mandate of maximum employment and stable prices will create the conditions where small businesses and all Americans can thrive. Due to the prevalence of small businesses in the U.S., policymakers and researchers must have high-quality data about this important part of the economy.
May 27, 2026 SpeechHawkish
Stanford Institute for Economic Policy Research, Stanford University, Stanford, California.
Similarly, I expect the labor market will remain stable without having to lower rates.
May 8, 2026 Speech
Central Bank of West African States (BCEAO) Conference on Digital Assets, Dakar, Senegal.
Questions like these ignited my interest in understanding how the economy and monetary policy affect people's lives.
March 26, 2026 Speech
At Yale Program on Financial Stability, School of Management, Yale University, New Haven, Connecticut.
Let me take a moment to acknowledge the contributions of the committee's first chair, the late Stanley Fischer. He made seminal contributions to the literature on financial stability, as well as open-economy macroeconomics, and he was a dedicated public servant who took on several roles as a central banker.
February 24, 2026 Speech
At "The Great Realignment: Navigating AI, Demographic, and Geoeconomic Shifts," 42nd Annual NABE Economic Policy Conference, Washington, D.C..
I briefly discussed how AI could affect the labor market and the neutral rate of interest, but there are many other factors to examine. And it is too early to observe the exact contours of any changes.
February 4, 2026 SpeechHawkish
Economic Club of Miami, Miami, Florida.
Monetary Policy When considering the proper stance of monetary policy, I see risks to both parts of our dual mandate. Inflation remains persistently above our 2 percent target, and there is considerable uncertainty about when the tariff effects will recede.
November 20, 2025 SpeechDovish
At Georgetown University's McDonough School of Business Psaros Center for Financial Markets and Policy, Washington, D.C..
I consider any potential financial system vulnerability through the lens of how it might constrain the Federal Reserve's ability to attain its dual-mandate goals of maximum employment and price stability. Currently, my impression is that there is an increased likelihood of outsized asset price declines.
November 3, 2025 SpeechDovish
At The Brookings Institution, Washington, D.C..
I see the current policy rate as remaining modestly restrictive, which is appropriate given that inflation remains somewhat above our 2 percent target.
July 17, 2025 Speech
National Bureau of Economic Research, Summer Institute 2025: Digital Economics and Artificial Intelligence, Cambridge, Massachusetts.
As with other technological innovations, AI is poised to reshape our labor market, which in turn could affect our notion of maximum employment or our estimate of the natural rate of unemployment. I see it as likely that AI will allow workers to be more productive while also changing the tasks associated with any given job.
June 4, 2025 Speech
At a Fed Listens event hosted by the Federal Reserve Bank of Atlanta, Atlanta, Georgia.
The Federal Reserve has been given a dual mandate of maximum employment and stables prices. The purpose of today's Fed Listens event is to hear from all of you about how the Federal Reserve's approach to monetary policy affects your families, your businesses, and your communities.
June 3, 2025 SpeechHawkish
Council on Foreign Relations, New York, New York.
As I consider the appropriate path of monetary policy, I will carefully consider how to balance our dual mandate, and I will take into account the fact that price stability is essential for achieving long periods of strong labor market conditions.
May 23, 2025 SpeechDovish
Seventh Annual Women in Macro Conference cosponsored by New York University's Graduate School of Arts & Science, New York University's Stern School of Business & University of Chicago's Becker Friedman Institute for Economics, New York, New York.
The IS-LM, or Investment-Saving Liquidity Preference-Money Supply framework, which describes how the goods market and the money market interact to determine aggregate output and interest rates in the economy, emerged as the central analytical tool for understanding short-run output and interest rate dynamics.
May 9, 2025 SpeechDovish
At "Finishing the Job and New Challenges," a monetary policy conference hosted by the Hoover Institution, Stanford University, Stanford, California.
Productivity growth has been surprisingly strong in recent years, and this has influenced my view of the appropriate stance of monetary policy. I will also explore two ongoing developments that are likely to influence productivity growth moving forward: changes to trade policy and the wider adoption of artificial intelligence (AI).
May 3, 2025 Speech
James Madison College 2025 Spring Commencement, Michigan State University, East Lansing, Michigan.
April 15, 2025 Speech
Cal Alumni Club of Washington, D.C. Annual Reception, Washington, D.C..
April 3, 2025 SpeechDovish
2025 McKay Lecture, University of Pittsburgh, Pittsburgh, Pennsylvania.
Then, amid progress on disinflation and a rebalancing labor market, last year my FOMC colleagues and I voted to make policy somewhat less restrictive. At our past two policy meetings, we held rates steady at 4.25 to 4.5 percent.
January 6, 2025 SpeechDovish
Seventh Conference on Law and Macroeconomics, University of Michigan Law School, Ann Arbor, Michigan.
Thus, in September, I voted along with my FOMC colleagues to reduce the target range for the federal funds rate half a point after maintaining it at a peak of 5-1/4 to 5-1/2 percent for more than a year, and we subsequently approved two more quarter-point cuts in November and December.