The seven members are nominated by the President of the United States and confirmed by the U.S. Senate. Each member holds a 14-year term. The FederalReserve System is accountable to Congress.
The FederalReserve meets for its second two-day rate-setting session of 2025 on Tuesday, March 18, and Wednesday, March 19, 2025. At the end of its Federal Open Market Committee session on ...
While the Federal Reserve operates independently, it maintains a relationship with the U.S. government, with the Board of Governors being appointed by the President and confirmed by the Senate.