CLEAR's Caryn Seidman Becker Joins the Federal Reserve Bank of New York Board

Caryn Seidman Becker Elected to New York Fed Board

On January 29, 2026, CLEAR’s Chief Executive Officer Caryn Seidman Becker made headlines as she was elected as a Class B Director to the Federal Reserve Bank of New York. This significant role marks a pivotal moment not just for her career but also for public representation in the realm of U.S. monetary policy.

Significance of the Appointment

The Federal Reserve, established under the Federal Reserve Act of 1913, is vital in regulating the financial system of the United States. It comprises several reserve banks, each governed by a board of directors composed of members who help bridge the gap between the Federal Reserve and the economic realities of the private sector. The objective is to ensure that monetary policy decisions are driven by actual economic conditions rather than hypothetical models.

Caryn's election as a Class B Director is particularly meaningful. Class B Directors represent the interests of the public, encompassing diverse sectors such as agriculture, commerce, industry, services, labor, and consumers. Her perspective as the head of a secure identity company adds a unique layer of understanding to these discussions.

A Commitment to Public Service

Following her election, Caryn expressed her gratitude for the opportunity to serve on the New York Fed Board: "It is a privilege to be entrusted with the opportunity to represent the interests of the public. I believe public service is of the utmost importance and am grateful for the role I will play in supporting the New York Fed's mission of making the U.S. economy stronger and the financial system more stable for all segments of society." Her commitment to public service aligns with the Fed's overarching goals of ensuring economic stability and prosperity.

Background of Caryn Seidman Becker

Before her current position, Caryn has held significant leadership roles. Since 2022, she has been a director of The Home Depot, Inc., where she has provided strategic insights to a major player in retail. Additionally, she serves on several influential boards, including the Partnership for New York City, Robin Hood, the TEAK Fellowship, and the 9/11 Memorial Museum. These extensive experiences equip her with a comprehensive view of the societal and economic challenges the country faces today.

The Future of the Federal Reserve Board

Caryn Seidman Becker's three-year term as a Class B Director ends on December 31, 2028. As she steps into this role, she will be instrumental in shaping how the Federal Reserve addresses the various economic challenges facing different sectors of society. By leveraging her insights from the technology and identity security sectors, she aims to enhance the Federal Reserve’s responsiveness to contemporary issues, from consumer protection to the evolving landscape of digital security and privacy.

About CLEAR

CLEAR is a pioneering company revolutionizing identity verification for secure and hassle-free experiences in various domains, including travel and public events. With over 36 million members, CLEAR emphasizes security while maintaining a strong focus on user privacy—an essential principle that prevents the sale of sensitive personal data. With a growing network of partners, CLEAR continues to innovate the way people connect with essential services in their daily lives. More information can be found at clearme.com.

Caryn Seidman Becker's election signifies a progressive step towards integrating diverse yet relevant experiences into governmental advisory roles, as the Federal Reserve seeks to respond effectively to modern challenges in the economy.