0
Why do you think the members of the federal reserve board are appointed rather than elected?
Wiki User
∙ 11y ago
The federal reserve is a private organization. Its members are appointed.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
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.
What contributes to the federal reserve being an independent policy-making body?
members of board of governors are appointed for 14 terms
How many directors are on the Boards for each of the 12 Federal Reserve Banks?
Each of the 12 Reserve Banks is subject to the supervision of a ninemember board of directors (board). Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors.
How many members are there in the board of governors of the federal reserve?
There are 7 members
What can the Federal Reserve NOT do?
The Federal Reserve cannot mint coins or print currency, which are functions of the Treasury Department. The Treasury Department is administered by the Secretary of the Treasury, whom is appointed by the President.
What do board members of the Federal Reserve obtain their positions?
They are appointed by the president and confirmed by the Senate.
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.
What contributes to the federal reserve being an independent policy-making body?
members of board of governors are appointed for 14 terms
What contributes to making the federal reserve an independent policy making body?
members of board of governors are appointed for 14 terms
How many directors are on the Boards for each of the 12 Federal Reserve Banks?
Each of the 12 Reserve Banks is subject to the supervision of a ninemember board of directors (board). Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors.
How many directors are on the board for each of the 12 federal reserve banks?
Each of the 12 Reserve Banks is subject to the supervision of a ninemember board of directors (board). Six of the directors are elected by the member banks of the respective Federal Reserve District (District), and three of the directors are appointed by the Board of Governors. Most Reserve Banks have at least one Branch, and each Branch has its own board of directors. A majority of the directors on a Branch board are appointed by the Reserve Bank, and the remaining Branch directors are appointed by the Board of Governors.
How many members are there in the board of governors of the federal reserve?
There are 7 members
Who are the members of the Federal Reserve Open Market Committee?
The FOMC is the abbreviation of the Federal Open Market Committee within the US Federal Reserve System. The membership of the FOMC is comprised of presidents of the several Federal Reserve Banks in the US and members of the Federal Reserve Board of Governors. By law the FOMC is responsible for deciding what open market transactions the Federal Reserve System will undertake.
Who selected board members for the federal reserve?
president
Who are the members of the Federal open market committee?
The FOMC is the abbreviation of the Federal Open Market Committee within the US Federal Reserve System. The membership of the FOMC is comprised of presidents of the several Federal Reserve Banks in the US and members of the Federal Reserve Board of Governors. By law the FOMC is responsible for deciding what open market transactions the Federal Reserve System will undertake.
Who appointed Alan Greenspan?
Ronald Reagan appointed Alan Greenspan as chairman of the Federal Reserve Bank in August of 1987.
Each member of the Board of Governors of the Federal Reserve Bank is appointed by the .?
president A+ users ^.^
