The Federal Reserve Chair is the leader of the Federal Reserve System, which is the central bank of the United States. This position is responsible for guiding the country's monetary policy, which includes managing interest rates and regulating the money supply to promote economic stability and growth. The Chair is appointed by the President and confirmed by the Senate, serving a four-year term that can be renewed. The Chair also plays a crucial role in overseeing the operations of the Federal Reserve and representing it in public and governmental discussions. They often communicate with the public and Congress about economic conditions and the Fed's actions, helping to shape financial expectations and confidence in the economy.