ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the Board of Governors.
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the Senate.
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the Financial Institution League.
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the President’s Council.
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Detailed explanation-1: -The seven members of the Board of Governors of the Federal Reserve System are nominated by the President and confirmed by the Senate. A full term is fourteen years. One term begins every two years, on February 1 of even-numbered years. A member who serves a full term may not be reappointed.
Detailed explanation-2: -The Board of Governors–located in Washington, D.C.–is the governing body of the Federal Reserve System. It is run by seven members, or “governors, ” who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.
Detailed explanation-3: -Jerome H. Powell. Chair. Board of Governors. Michelle W. Bowman. Governor. Board of Governors. Lisa D. Cook. Governor. Board of Governors. Philip N. Jefferson. Governor. Board of Governors. Christopher J. Waller. Governor. Lael Brainard. Vice Chair. Board of Governors. Randal K. Quarles. Vice Chair for Supervision. Janet L. Yellen. Chair. More items
Detailed explanation-4: -Jerome H. Powell. Chair. Michael S. Barr. Vice Chair for Supervision. Michelle W. Bowman. Governor. Lisa D. Cook. Governor. Philip N. Jefferson. Governor. Christopher J. Waller. Governor. Tom Barkin. President. Federal Reserve Bank of Richmond. Raphael Bostic. President. Federal Reserve Bank of Atlanta. More items