Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term so that they:

Question

Quizplus · Accepted Answer

The purpose of appointing members of the Federal Reserve Board of Governors for a fourteen-year term is to ensure that those appointed will make decisions based on economic considerations rather than political pressures. This is because the long-term appointment provides insulation from political pressures and helps foster independence in decision-making. It also allows the members to develop a deep understanding of how the Fed operates, which supports wise decision-making.

Members of the Federal Reserve Board of Governors Are Appointed