The Board of Governors of the Federal Reserve System comprises seven presidentially appointed, Senate-confirmed members who serve staggered 14-year terms to maintain political independence. The statutory roster includes the Chair (Jerome Powell), the Vice Chair (Philip Jefferson), the Vice Chair for Supervision (Michael Barr), alongside governors such as Michelle Bowman, Christopher Waller, Adriana Kugler, and an additional open seat or rotating appointee slot. This leadership core holds permanent voting seats on the Federal Open Market Committee, shaping national interest rates and regulatory policies.