The President of the United States has no influence over the Federal Reserve System nor exerts any pressure on the Fed.

Question

Quizplus · Accepted Answer

The president of the United States can nominate members to the Federal Reserve Board of Governors and can exert political pressure on the Fed through public statements and appointments. However, the Fed is designed to be an independent central bank and decisions regarding monetary policy are made by the Federal Open Market Committee, which is not subject to political influence.

The President of the United States Has No Influence Over