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November 20, 2017
Yellen resigns from Fed Board
Federal Reserve Chair Janet Yellen on Monday submitted her resignation from the board, which will be effective upon the swearing in of her successor. Earlier this month, President Donald Trump nominated current Board Gov. Jerome Powell to serve as the next board chair.
Yellen's term as chair ends Feb. 3. With her resignation, the board will only have three of seven seats filled.
NAFCU's board met with Yellen at Federal Reserve Board headquarters in December 2012 to present its annual Report on Credit Unions, which details the latest issues affecting credit unions and the impact the Fed's actions have on the industry; the NAFCU Board also met with Powell in 2014 and 2015.
Yellen's term as chair ends Feb. 3. With her resignation, the board will only have three of seven seats filled.
NAFCU's board met with Yellen at Federal Reserve Board headquarters in December 2012 to present its annual Report on Credit Unions, which details the latest issues affecting credit unions and the impact the Fed's actions have on the industry; the NAFCU Board also met with Powell in 2014 and 2015.
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