Regulators
They are not elected and most people never vote for them, yet they set interest rates, police the stock market, approve mergers, and decide which drugs reach the shelf. They file the same financial disclosures as members of Congress. Here is who runs each agency, what they control, and where the money is.
FedKevin WarshFederal Reserve ChairSets the interest rates that move every market on earth. Sold more than $100 million in investments days before he was sworn in.
TreasuryScott BessentTreasury SecretaryRuns the government's money, the national debt, and financial sanctions. A former hedge-fund manager.
CommerceHoward LutnickCommerce SecretaryRuns US trade and tariff policy and the sprawling Commerce Department, from chips to the census. A billionaire former Wall Street CEO.
EPALee ZeldinEPA AdministratorWrites the pollution and climate rules that can make or break energy, car, and chemical companies.
SECPaul AtkinsSEC ChairmanThe top cop for the stock market, now leading a push to write crypto's rules. Used to advise the banks he oversees.
FCCBrendan CarrFCC ChairmanControls the airwaves and signs off on the biggest telecom and media mergers.
FHFAWilliam PulteFHFA DirectorControls Fannie Mae and Freddie Mac, which stand behind most US mortgages. Heir to a homebuilding fortune.
FERCLaura SwettFERC ChairApproves pipelines, power lines, and gas exports. A former energy-industry lawyer.
NRCHo NiehNRC ChairmanLicenses every nuclear reactor in the country. Came straight from a company he now regulates.
FDICTravis HillFDIC ChairmanInsures the money in your bank account and takes over banks when they fail.
CFTCMichael SeligCFTC ChairmanRegulates the enormous market for financial bets, and a growing share of crypto.
FTCAndrew FergusonFTC ChairmanDecides which big mergers go through and takes on Big Tech.
FDAActingKyle DiamantasActing FDA CommissionerApproves the drugs and medical devices that move pharma stocks.
OCCJonathan GouldComptroller of the CurrencyCharters and polices the nation's banks. A former lawyer at a crypto company.
NCUAKyle HauptmanNCUA ChairmanRegulates and insures the country's credit unions.
NLRBJames MurphyNLRB ChairmanSets the rules for unions and workplace disputes across the country.