Question

What power does the Executive Branch have over the

Federal Reserve System?
A
B
C
D
The President is the head of the Federal
Reserve Bank.
The President appoints members of the
Board of Governors.
The Senate approves certain members
of the Federal Open Market Committee.
The Vice President works with the
Federal Reserve Banks and is
appointed by the Board of Governors.

Answer 1

The Executive Branch has powers over the Federal Reserve System, including appointing members of the Board of Governors and influencing the nomination process for the Federal Open Market Committee. The Vice President's appointment is also influenced by the President.

Step-by-step explanation:

The Executive Branch has certain powers over the Federal Reserve System:

1. The President appoints members of the Board of Governors. The Board of Governors is the main governing body of the Federal Reserve System. The President nominates the individuals for these positions, and they are then subject to Senate confirmation.
2. The Senate approves certain members of the Federal Open Market Committee (FOMC). The FOMC is responsible for making important monetary policy decisions. While the President does not have direct control over the FOMC, the Senate confirmation process is part of the Executive Branch's influence.
3. The Vice President works with the Federal Reserve Banks and is appointed by the Board of Governors. The Vice President does not have direct control over the Federal Reserve System, but their appointment is done by the Board of Governors, which is influenced by the President.

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