Business, 13.07.2021 21:40 maddietomlinson113

What is the reasoning behind having the seven Fed Board of Governors remain for 14 years on the Federal Reserve? a) Participating in the Fed for the 14 year time period allows the board members to build up seniority and on-the-job understanding
b) Longer terms for board members fosters longer relationships and builds strong networks to push through financial changes to the economy.
c) The longer terms are to insulate the members from immediate political pressures and have them focus solely on economic solutions for the nation.

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