The chairman of its Board of Governors is appointed by the president; the Fed operates without independence from the executive branch of the government.

Question

Quizplus · Accepted Answer

The Federal Reserve operates with a degree of independence from the executive branch of the government. While the president does nominate members of the Board of Governors and the chairman, they must be confirmed by the Senate and once in their positions, they are not directly accountable to the president or subject to direction from the executive branch.

The Chairman of Its Board of Governors Is Appointed by the President;