Factors that provide the Federal Reserve with a high degree of independence include

Question

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The Federal Reserve's independence is partly due to the 14-year terms for members of the Board of Governors and the fact that the chairman's four-year term does not coincide with the president's term. However, the Federal Reserve does not have constitutional independence from Congress and the president; it was created by an act of Congress and can be modified by legislation.

Factors That Provide the Federal Reserve with a High Degree