Visit the following:
Website: www.federalreserve.gov/BIOS (Links to an external site.)Links to an external site.
Review the biographies of each of the seven members of the Board of Governors. What can you say about the composition of the Board with regard to age, gender, education, previous employment, and ethnic background? Which Board members are near the ends of their terms?
As we read this unit, the Fed is an independent agency of government. What do you think about the Fed being independent of government? Is this too much power for a group of people to have? Why? Why not?