Who appoints the Board of Governors for the Federal Reserve?(1 point)

Responses

the House of Representatives
the House of Representatives

the President
the President

the Senate
the Senate

the Senate Committee on Finance

the Senate

The President 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 information, you can refer to the relevant laws and regulations governing the Federal Reserve system. Specifically, the Federal Reserve Act, which was passed by Congress in 1913, establishes the structure and responsibilities of the Federal Reserve, including the appointment process for the Board of Governors.