Designers of the Federal Reserve System were concerned that the Fed might form policy favorable to one part of the country or to a particular party. What are some ways that the organization of the Fed reflects such concerns?

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Yash Sureshbhai Patel · Accepted Answer

Final Answer :

1. The president appoints the Board of Governors, but the Senate must approve them.
2.The seven members of the Board of Governors serve 14 -year terms, so it is unlikely that a single president will have appointed most of them.
3. The Federal Reserve has 12 regional banks.
4. The presidents of the regional banks serve as voting members of the FOMC on a rotating basis.

Designers of the Federal Reserve System were concerned that the Fed might form policy favorable to one part of the country or to a particular party. What are some ways that the organization of the Fed reflects such concerns?

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