Completely free of political influence

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Why is the Federal Reserve Bank considered to be relatively but not completely free of political influence in the United States? a. The Federal Reserve Chairman must be appointed by the President and confirmed by the Senate. b. The Federal Reserve is not owned by the US Government. c. The Federal Reserve System is designed to divide power among member banks from different regions of the country. d. The Federal Reserve appointments are for sufficient length of time that it takes at least 8 years for a majority of members to be appointed by one President. e. All of these are important in defining the degree of independence of the Federal Reserve from political influence.

Reference no: EM13950111

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