The Federal Reserve Act created a system of private and public entities. There were to be at least eight and no more than twelve private regional Federal Reserve banks. Twelve were established, and each had various branches, a board of directors, and district boundaries. The Federal Reserve Board, consisting of seven members, was created as the governing body of the Fed. Each member is appointed by the President of the U.S and confirmed by the U.S. Senate.
If the President appoints, he can unappoint, correct?
If Congress confirms, they can impeach, right?
-PJ
The President appoints judges. Can he unappoint them?
If Congress confirms, they can impeach, right?
Yes. For cause. What grounds are there for impeaching the Fed Chair?