Who appoints the Board of Governors for the Federal Reserve?(1 point)Responsesthe House of Representativesthe House of Representativesthe Senate Committee on Financethe Senate Committee on Financethe Presidentthe Presidentthe Senatethe Senate
the President
The President of the United States appoints the Board of Governors for the Federal Reserve.
The Board of Governors for the Federal Reserve is appointed by the President of the United States. To find this answer, you can start by understanding the structure and governance of the Federal Reserve. The Federal Reserve System is made up of several components, one of which is the Board of Governors. This board consists of seven members who are appointed by the President and confirmed by the Senate.
To confirm this, you can refer to the Federal Reserve Act, which is the legislation that established the Federal Reserve System. Section 10(2) of the Federal Reserve Act states that the President of the United States shall appoint the members of the Board of Governors, subject to Senate confirmation.
In summary, the President appoints the Board of Governors for the Federal Reserve, and this information can be found by referring to the Federal Reserve Act.