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11 May, 19:12

How is the chairperson of the federal reserve system selected?

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  1. 11 May, 21:55
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    The U. S. President and the Senate selects and confirms the members of the Board of Governors of the Federal Reserve. The board consists of 7 members where they serve 14 years terms. From those members, the Chairperson of the federal reserve system is selected from the members of the Board of Governors of the Federal Reserve, and their term last for 4 years.
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