Federal Reserve FAQ - Emily Yoffe - Slate Magazine
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Saved by 1 people (0 private), first by anonymouse user on 2008-07-21
- Liveinfreedom on 2008-07-21 - Tags yoffe
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overnors are appointed by the president and confirmed by the Senate to a single 14-year term.
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someone appointed to fill an unexpired term can subsequently serve an additional full term.
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Neither the executive or legislative branch can change or veto a Fed decision. But Congress does have oversight of the Fed and can pass legislation to add to or modify its duties.
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The president does have the power to remove a member of the Board of Governors, but only for cause.
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