Francisco Covas

In their time

Meetings by Chair

Bernanke1Yellen3Powell2Warsh3

Policy rate

0–0.25% → 3.75–4%

+375 bp · Jun 2012 – Sep 2026

Rate moves

2 hikes · 0 cuts

7 holds at their meetings

Dissents witnessed

11

at 6 of 9 meetings

Unanimous

33%

3 of 9 meetings

Recessions

1

2020

US presidents

3

Obama · Trump · Biden

In the room

• Senior Economist, Division of Monetary Affairs, Board of Governors1 meetingJun 19–20, 2012
• Section Chief, Division of Monetary Affairs, Board of Governors1 meetingJul 29–30, 2014
• Assistant Director, Division of Monetary Affairs, Board of Governors1 meetingSep 16–17, 2015
• Assistant Directors, Division of Monetary Affairs, Board of Governors1 meetingDec 15–16, 2015
• Deputy Director, Division of Supervision and Regulation, Board5 meetingsMar 17–18, 2026 – Sep 15–16, 2026