Asked by Denia Martinez on May 25, 2024
Verified
Federal Reserve governors are given long terms to insulate them from politics.
Federal Reserve Governors
Federal Reserve Governors are members of the Board of Governors of the Federal Reserve System, which oversees the United States' central banking system.
Long Terms
Agreements or financial instruments that have an extended duration or maturity period, often exceeding one year.
- Acquire knowledge on the workings of the Federal Reserve system and its integral parts in the context of the US economy.
Verified Answer
IF
itunu feyintolaMay 30, 2024
Final Answer :
True
Explanation :
Federal Reserve governors are appointed for staggered 14-year terms to reduce their vulnerability to political pressures and ensure their decisions can be made based on economic considerations rather than political ones.
Learning Objectives
- Acquire knowledge on the workings of the Federal Reserve system and its integral parts in the context of the US economy.