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54379526 No.54379526 [Reply] [Original]

Do you think he reports to ayys?

>> No.54381972

>>54379526
The Chair of the Federal Reserve reports to the Board of Governors of the Federal Reserve System, which is an independent government agency created by the Federal Reserve Act of 1913. The Board of Governors is composed of seven members who are appointed by the President of the United States and confirmed by the Senate.

The Federal Reserve is designed to be independent of the political process, meaning that the Chair of the Federal Reserve and the Board of Governors make decisions about monetary policy without interference from the executive or legislative branches of government. However, the Federal Reserve is still accountable to Congress and must testify regularly before congressional committees about its policies and actions.