All of the following help make the Fed independent of the political process EXCEPT

Question

Quizplus · Accepted Answer

The lifetime appointment of the Fed chair is not a factor in making the Fed independent of the political process. In fact, the appointment of the chair is a political process itself, as the president nominates and the Senate confirms the appointee. The other options listed, financial independence, long nonrenewable appointments for board members, and staggering of board member terms, all contribute to the Fed's independence from political influence.

All of the Following Help Make the Fed Independent of the Political