ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Congress
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Supreme Court
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President
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the American poeple
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Detailed explanation-1: -The Chair and Vice Chair of the Board are also appointed by the President and confirmed by the Senate, but serve only four-year terms. They may be reappointed to additional four-year terms.
Detailed explanation-2: -One of the chairman’s most important duties is to serve as the chair of the Federal Open Market Committee (FOMC), which is critical in setting short-term U.S. monetary policy. By law, the chairman reports twice a year to Congress on the Federal Reserve’s monetary policy objectives.
Detailed explanation-3: -the Fed’s chief executive, public face, and center of power and responsibility. The current chairman is Ben Bernanke. Seven members, appointed by the President of the United States and confirmed by the Senate.
Detailed explanation-4: -Jerome Powell took office as chairman of the Board of Governors of the Federal Reserve System in February 2018. He was sworn in on May 23, 2022 for a second term as Chair ending May 15, 2026.