The Fed chair serves a four-year term. The other choices are incorrect: A) The Fed chair is appointed by the president and must be approved by the Senate, B) The Fed chair is responsible for monetary policy, C) It is not true that the Fed chair rarely cares about monetary policy, and D) The Fed chair does not have absolute authority over the Fed.

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The Fed Chair

Question 45

Multiple Choice

The Fed chair

A) is appointed by the president,with no approval from the Senate.
B) serves a four-year term.
C) rarely cares about monetary policy.
D) has absolute authority over the Fed.
E) All of these answers are correct.

Correct Answer: