What responsibilities do the U.S. President and U.S. Senate have regarding the members of the Board of Governors of the Federal Reserve System?
What will be an ideal response?
The U.S. president appoints the seven members of the Board of Governors, who each serve for 14 years. The U.S. president also selects the board chair and vice-chair from among the board members, and the chair and vice-chair serve for 4-year terms. The appointment of board members (and board chair and vice-chair) are confirmed by the U.S. Senate.
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Using the data in the above table, if the government sector runs a deficit of $250 billion and net exports equal -$500 billion, then saving must equal
A) $450 billion. B) $250 billion. C) $1,350 billion. D) $400 billion.
If a bond's coupon adjusts to pay a constant real rate of return, then an increase in inflation would cause
A) the nominal coupon payment to rise. B) the nominal coupon payment to fall. C) the nominal coupon payment to remain unchanged. D) the bond's price to fluctuate wildly.