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The members of the Federal Reserve Board of Governors are appointed by the President of the United States with confirmation by the Senate. They cannot ordinarily be removed from their 14-year staggered terms of office. The President of the United States, through the Secretary of the Treasury, regulates the fiscal policy affecting the Federal Reserve System, in which directors are appointed by its own member banks. Congress regulates the Federal Reserve by statute, beginning with the Federal Reserve Act of 1913 that established it.

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Q: Who does the federal reserve answer to?
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The Federal Reserve is responsible for managing the money supply in the U.S.


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