Who appoints the members of the Federal Reserve Board?
The President of the United States
The Secretary of the Treasury
The Chairman of the Federal Reserve
The U.S. Congress
Answer
The members of the Federal Reserve Board, also known as the Board of Governors, are appointed by the President of the United States. This helps ensure that the central bank remains independent from political influence.
Federal Reserve System Superfan Quiz: 20 Questions to separate the real fans from the posers
More Questions
What committee sets the monetary policy for the Federal Reserve?
Which department outside of the Federal Reserve prints the U.S. currency?
What is the Federal Reserve's dual mandate?
What publication does the Federal Reserve release that provides insights into regional economic conditions?
What is the name of the database provided by the Federal Reserve for economic research?
Related Quizzes
Subscribe Now!
Learn something
new everyday
Playing quizzes is free! We send 1 quiz every week to your inbox