Although its members are appointed by ________, the Federal Reserve Board has a fair amount of autonomy.

Question

Quizplus · Accepted Answer

The Federal Reserve Board is made up of seven members who are appointed by the President and confirmed by the Senate. However, once they are appointed, they have a certain degree of autonomy in making decisions about monetary policy. While the Federal Reserve is subject to oversight by Congress, its independence allows it to act in the best interest of the economy rather than being influenced by political pressures. Therefore, choice C is the best answer.

Although Its Members Are Appointed by ________, the Federal Reserve