Which of these is a provision of the Federal Reserve Act or part of subsequent legislation that contributes to the independence of the Fed?
A) The Fed's Board of Governors are appointed by the president and confirmed by the Senate.
B) Appointments to the Board are staggered such that one term expires on January 31 of every even-numbered year.
C) Board members serve one 14-year term, after which they cannot be reappointed.
D) The Fed is subject to congressional oversight.

Question

Quizplus · Accepted Answer

The provision that Board members serve one 14-year term, after which they cannot be reappointed contributes to the independence of the Fed by reducing the likelihood that Board members will be swayed by political considerations or pressure from the executive branch or Congress.

Which of These Is a Provision of the Federal Reserve