Thoughall members of the Federal Reserve Board of Governors (Board of Governors) vote at Federal Open Market Committee (FOMC) meetings, only of the regional bank presidents are members of the FOMC. Which of the following contributes to making the Federal Reserve an independent policymaking body? Its role is written into the U.S. Constitution. Members of the Federal Reserve Board of Governors are appointed for 14-year terms. There are 12 Federal Reserve (Fed) banks.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter24: Money And The Federal Reserve System
Section: Chapter Questions
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Thoughall members of the Federal Reserve Board of Governors (Board of Governors) vote at Federal Open Market Committee (FOMC) meetings, only of the regional bank presidents are members of the FOMC. Which of the following contributes to making the Federal Reserve an independent policymaking body? Its role is written into the U.S. Constitution. Members of the Federal Reserve Board of Governors are appointed for 14-year terms. There are 12 Federal Reserve (Fed) banks.

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