Appointments to the Federal Reserve Board are staggered so that one member's term expires every other year. This provision was enacted to ensure
A) that Federal Reserve Board members would serve their entire term.
B) that the Fed would be accountable to Congress.
C) stability and continuity on the Board.
D) that regional considerations would not impact the Board's decisions.

Question

Quizplus · Accepted Answer

Staggering appointments to the Federal Reserve Board ensures stability and continuity on the Board. This is important because the Board plays a critical role in guiding monetary policy and overseeing the nation's banking system. If all members' terms expired at the same time, there would be a complete turnover of the Board every few years, which could lead to inconsistent policies and disrupt the functioning of the Fed. By having one member's term expire every other year, the Board can maintain institutional knowledge and consistency over time.

Appointments to the Federal Reserve Board Are Staggered So That