How is the Federal Reserve designed to be independent of the rest of the government?


How is the Federal Reserve designed to be independent of the rest of the government?


Much like Supreme Court officials, Federal Reserve officers are appointed for life.


Fed decisions can only be countered by a two-thirds majority in both houses of Congress along with the president’s signature on such an action.


Those interested in holding a spot on the Federal Reserve Board must win that spot through competitive merit-based examinations.


Officials can only be removed for cause, and it is not under the president’s executive jurisdiction.