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Does the senate approve the appointments of the head of the federal reserve?
Wiki User
∙ 12y ago
Yes
Wiki User
∙ 12y ago
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Who is responsible for the us currency?
Monetary policy in the United States, is the responsibility of the Federal Reserve. The Federal Reserve is the headed by the The Board of Governors (a government agency in Washington), made up of seven board members appointed by the president for a fourteen year term. The appointments must also be confirmed by the Senate. The chairman and vice-chairman can serve a four year term and are also appointed by the president and Senate.
Why are there two federal reserve banks in Missouri?
Senator James Reed of Missouri provided the tie-breaking vote on the Senate Banking and Currency Committee when the Federal Reserve Act was under consideration in 1913.
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.
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 appoints the head of the US Federal Reserve System?
The Board of Governors in Washington, D.C., is the central decision-making organization. The board has seven members who are nominated by the president of the United States and confirmed by the Senate.
What branch of government has the power to approve appointments of federal judges?
The Senate.
What branch of government has the power to approve to appointments of federal judges?
The Senate.
What must approve people selected by the president to serve in the federal courts and cabinet?
The US Senate must approve or disapprove such appointments.
Does the senate have the power to approve all appointments?
Senate!
Does the Senate approve appointments?
yes the senate approves an appointment
Who must approve the presidents appointments for US officials?
The Senate must approve any of the President's appointments.
Who approves the presidents appointments?
The Senate has the power to approve presidential appointments. == ==
Who has the power to approve presidential appointments?
It falls to the Senate to approve appointments made by the President of the United States. These appointments encompass the Department of Justice, ambassadors, deputy secretaries, US attorneys, and general counsels.
Who approves presidential appointments to seat federal judges?
The Senate must approve the nomination by a simple majority (51%) of those voting,
Can the Supreme Court approve President's appointments?
No, the Senate must confirm the President's appointments.
Which branch has the power to approve supreme court appointments?
Congress must approve all appointments.
Can house representatives members approve appointments?
No. That is the job of the Senate.
