What power do the people have over the Federal Reserve Bank through Congress?

History

1 answer:

sleet_krkn [62]3 years ago

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Answer:

The Federal Reserve Bank reports to the Congress and thus stand accountable to the people of U.S.

Explanation:

The U.S Federal Reserve Bank is commissioned by Congress with a specific authorization under the Federal Reserve Act of 1913. They are expected to report annually to Congress. The significant proportion of governors are named by the President. They should also need to confirm by Congress. And the election of the President and Congress by the people of the country have an indirect control on the Federal Reserve bank.

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