Arvind Krishna Re-elected to New York Fed Board for New Three-Year Term

Washington, November 14, 2026 (Yes Punjab News)

Indian-American technology executive Arvind Krishna has been re-elected to the board of directors of the Federal Reserve Bank of New York for a fresh three-year term ending December 31, 2029.

Krishna, chairman, president and chief executive officer of IBM, will continue as a Class B director, a position representing the public. The New York Fed announced the election on Friday, saying he was elected by member banks in Group 3 of the Second Federal Reserve District, which comprises smaller banks.

Krishna has been associated with the New York Fed board since 2022, when he was elected to complete an unexpired term. He was re-elected in 2023 for a term ending this year.

Class B directors represent public interests across sectors including agriculture, commerce, industry, services, labour and consumers. The regional bank’s board brings perspectives from outside the central banking system to its assessment of economic conditions.

Krishna’s re-election does not make him a member of the Federal Open Market Committee (FOMC), which determines US monetary policy. The New York Fed’s board is separate from the Federal Reserve Board of Governors in Washington, while the New York Fed president holds a permanent voting seat on the FOMC.

Krishna became IBM’s chief executive in April 2020 after more than three decades with the company. He previously served as senior vice-president for cloud and cognitive software, leading the development of IBM’s hybrid cloud business, and headed IBM Research, overseeing work in artificial intelligence, quantum computing and cloud services.

An IIT Kanpur graduate, Krishna holds a doctorate from the University of Illinois Urbana-Champaign. He also serves on the boards of Northrop Grumman and the US-India Strategic Partnership Forum.

Each of the 12 regional Federal Reserve Banks has a nine-member board, with directors divided into three classes. Class A directors represent member banks, while Class B and Class C directors represent the public.