The federal government has considerable control over policy actions of the Federal Reserve because the U.S.president appoints all Federal Reserve Bank presidents.

Question

Quizplus · Accepted Answer

While the U.S. president does appoint the members of the Federal Reserve Board of Governors, they do not have the authority to appoint all Federal Reserve Bank presidents. The majority of Federal Reserve Bank presidents are appointed by their respective boards of directors, with approval from the Board of Governors. The Federal Reserve operates independently from the federal government in its monetary policy decisions, although it is subject to congressional oversight.

The Federal Government Has Considerable Control Over Policy Actions of the Federal