GoalThe purpose of this assignment is to understand why the board of governors have 14-year long terms.
Post Federal Reserve Bank board members are staggered, non-renewable, 14 year appointments. How does this impact the operation of monetary policy with regard to Congress and the president?
After you post in the discussion forum, respond to a classmate’s post.
Replies to PeersBefore Sunday, 11:59 PM, please reply to at least one other student’s post. In your reply, please do one of the following:
Reflect on the ideas shared by your peer and provide a reply that offers helpful guidance or supportive feedback .
Centrals banks around the world are supposed to be ‘independent’ of government. However, we see significant influence from government in central banks’ decisions about interest rates in some countries. Share your own experiences (if any) about such central bank policies and consequences in these countries.