The seven members of the Board of Governors of the Federal Reserve System serve 14 year nonrenewable terms. Each Board member is appointed by the President and confirmed by the Senate.

Question

Quizplus · Accepted Answer

Members of the Board of Governors of the Federal Reserve System are indeed appointed by the President and confirmed by the Senate, serving 14-year nonrenewable terms to ensure their decisions are insulated from political pressure and based on the best interests of the economy.

The Seven Members of the Board of Governors of the Federal