The Fed's Chair Background and the Federal Reserve Independence

Damir Tokic

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The Fed's Chair Background and the Federal Reserve Independence

机译：美联储主席背景和美联储独立

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"The Federal Reserve, like many other central banks, is an independent government agency but also one that is ultimately accountable to the public and the Congress. The Congress established maximum employment and stable prices as the key macroeconomic objectives for the Federal Reserve in its conduct of monetary policy. The Congress also structured the Federal Reserve to ensure that its monetary policy decisions focus on achieving these long-run goals and do not become subject to political pressures that could lead to undesirable outcomes. So, members of the Board of Governors are appointed for staggered 14-year terms and the Board chair is appointed for a four-year term. Elected officials and members of the Administration are not allowed to serve on the Board "

机译：与其他许多中央银行一样，美联储是一个独立的政府机构，但最终也要对公众和国会负责。国会将最大的就业率和稳定的价格确定为美联储在其宏观经济中的主要目标。国会还组织了美联储（Fed），以确保其货币政策决策着眼于实现这些长期目标，并且不会受到可能导致不良后果的政治压力的影响。被任命为交错任期的14年，而董事会主席的任期为四年。选举产生的官员和行政当局成员不得在董事会任职。”

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《The journal of corporate accounting & finance》 |2019年第1期|5-13|共9页
作者
Damir Tokic;
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作者单位

International University of Monaco, INSEEC Group, and member of INSEEC Paris Research Lab;

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正文语种 eng
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The Fed's Chair Background and the Federal Reserve Independence

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