Comment by Zamaamiro
1 year ago
The chairman of the Federal Reserve is accountable to Congress. The chairman must regularly report to and testify before Congress.
This is established in the Federal Reserve Act of 1913.
1 year ago
The chairman of the Federal Reserve is accountable to Congress. The chairman must regularly report to and testify before Congress.
This is established in the Federal Reserve Act of 1913.
> regularly report to and testify before Congress
Delivering reports to is different than them being able to hire and fire. Presidents appoint fed chairmen.