The Federal Reserve Board of Governors
A)serve at the pleasure of the president similar to other cabinet positions.
B)report directly to Congress and are controlled by Congress.
C)consists of 12 members, one from each district bank.
D)is structurally independent of the executive and legislative branches of the federal government.

Question

Quizplus · Accepted Answer

The Federal Reserve Board of Governors is structurally independent of the executive and legislative branches of the federal government. They are appointed by the president and confirmed by the Senate, but they serve independent, staggered terms and cannot be removed from office by the president without cause. They also have the power to set monetary policy without direct input from Congress or the president.