Asked by Sherelle Robinson on Apr 29, 2024
Verified
Members of the Board of Governors of the Federal Reserve System are appointed for life.
Board Of Governors
The Board of Governors is the leading body of the Federal Reserve System, overseeing the Federal Reserve Banks and helping to formulate monetary policy in the United States.
Federal Reserve System
The central banking system of the United States, responsible for regulating the country's monetary policy and banking institutions.
- Gain insight into the essential mechanisms and consequences of monetary policy, including the responsibilities of the Federal Reserve.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
False
Explanation :
Members of the Board of Governors of the Federal Reserve System are appointed for staggered 14-year terms, not for life.
Learning Objectives
- Gain insight into the essential mechanisms and consequences of monetary policy, including the responsibilities of the Federal Reserve.