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Although the members of the Board of Governors of the Federal Reserve System are appointed by the president the Board does not receive funding from Congress. The seven members serve a 14 year term and?
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Is the federal reserve controlled by congress?
No, the Federal Reserve System is an independent agency of the federal government, and is run by its Board of Governors, of whom Ben Bernanke is the Chairman. The seven Governors are nominated by the President and approved by the Senate to fourteen-year terms. Although both the President and the Congress both wish that they sometimes did run the Federal Reserve and dictate its economic and regulatory policies, they do not.
Who can fire bernanke?
The Chairman and Vice Chairman of the Board of Governors of the Federal Reserve System are appointed to four year terms by the President and confirmed by Congress. In theory, like other presidential appointments, the President could ask for the Chairman's resignation, but such a thing has never happened in the history of the Fed.
Who does the federal reserve answer to?
The members of the Federal Reserve Board of Governors are appointed by the President of the United States with confirmation by the Senate. They cannot ordinarily be removed from their 14-year staggered terms of office. The President of the United States, through the Secretary of the Treasury, regulates the fiscal policy affecting the Federal Reserve System, in which directors are appointed by its own member banks. Congress regulates the Federal Reserve by statute, beginning with the Federal Reserve Act of 1913 that established it.
Who can fire the chairman of the federal reserve board?
The president does have the power to remove a member of the Board of Governors, but only for cause. Cause in this case would mean something like the chairman got the keys to the vault and was found stuffing his pockets with bullion.
What item can give a president real leverage in influencing Congress?
Public Support
Are governors appointed by the President of the US and confirmed by the Supreme Court?
No, governors are elected by the people of a state. Federal judges are appointed by the President and confirmed by Congress.
Is the president appointed by congress?
no
Is the secretary of state appointed or elected?
Appointed by the President and approved by Congress.
What job does the president and congress have in the appointment process?
Committees, commissions, and boards are appointed by both the president and congress.
What do mexicos people vote about?
President, governors, federal, state and municipal congress.
Is the federal reserve controlled by congress?
No, the Federal Reserve System is an independent agency of the federal government, and is run by its Board of Governors, of whom Ben Bernanke is the Chairman. The seven Governors are nominated by the President and approved by the Senate to fourteen-year terms. Although both the President and the Congress both wish that they sometimes did run the Federal Reserve and dictate its economic and regulatory policies, they do not.
Are the U.S supreme court justices appointed by congress?
No. They are appointed by the President, but must be approved by a simple majority vote of the Senate.
How does Secretary of Health and Human Services get appointed?
The Secretary of HHS is a cabinet level position appointed by the president and confirmed by congress.
What is the election for in November?
For congress and governers. The president is not up for election this year, but many in the Senate, House, and Governors are.
Who can fire bernanke?
The Chairman and Vice Chairman of the Board of Governors of the Federal Reserve System are appointed to four year terms by the President and confirmed by Congress. In theory, like other presidential appointments, the President could ask for the Chairman's resignation, but such a thing has never happened in the history of the Fed.
What federal judges are appointed by the president with the consent of who?
Supreme Court Judges with the consent of congress
How are supreme court justices selected?
the president appoints them and the congress questions them
