Members of the Federal Reserve Board of Governors are appointed to 14-year terms to provide a level of isolation from political influence.

Question

Quizplus · Accepted Answer

Members of the Federal Reserve Board of Governors are indeed appointed to 14-year terms to provide some insulation from political pressure and ensure a measure of independence in carrying out their duties. However, it is still a political appointment made by the President and confirmed by the Senate, so there is some political influence involved in the process.

Members of the Federal Reserve Board of Governors Are Appointed