The Federal Reserve Board is a seven-member body that governs the country's monetary policy; the president appoints each member to serve a term that is how long?
The Federal Reserve Board consists of seven members who are appointed by the president. Each member serves for a term of 14 years.
The term length for members of the Federal Reserve Board is 14 years. However, it is important to note that the president does not appoint each member individually. Instead, the president nominates individuals to the board, and those nominations must be confirmed by the Senate. Each member's term is staggered so that one expires each year, giving the president an opportunity to appoint or nominate a new member during their term.
