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The Federal Reserve is run by a board of 7 governors. These governors are appointed by the President with Senate approval and serve 14-year terms.

The President , with Senate approvals appoints one of the governors to be Chairman and another to be vice-chairman. These two people serve 4-year terms.

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12y ago
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13y ago

It depends on the laws of the country concerned.

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Q: Who does the president get to appoint?
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