What is the advice of the governors?

The Governor Council is an organization at the head of the Federal Banking System in the United States. Members of the Board of Directors take important decisions on monetary policy to promote a healthy and growing US economy. They also oversee operations in the federal reserve bank (or Fed) and monitor the general state of the economy. The organization is based in Washington, DC and almost 2,000 people work in their offices. The law included the provisions on the establishment of the Governor Council to supervise the Fed, and stipulated that the group would be an independent government agency. Although the members of the Board of Directors are appointed president and confirmed by Congress, they operate themselves, without financing from Congress and ideally without political pressure.

There are seven People on the Board of Directors, and according to the conditions of the Federal Reserve Act, no two governors from the same federal reserve district come. Lybers are intended to represent a wide cross -section of interest, from agriculture to production to ensure that many aspects of AMERic economies when they make decisions. With 12 districts to choose from, not every district is always represented.

Each member of the Board of Directors has been serving 14 years and the meetings are designed to be amazed so that one member of the Board of Directors will leave every two years. This ensures that no one has too much control over operations. If the members serve their complete conditions, the president will be able to appoint two while he is in office. This is designed to promote the apolitical attitude to the Governor's advice.

Many Americans are familiar with the chairman of the Governor Council who tend to be a profile. The President will select the chairman and vice -chairman of the members of the Council and this selection is also confirmed by Congress. In a remarkable demonstration of an apolitical nature of the organization, presidents of different political parties have sometimes chosen the same individual to serve as a chairman. Once a member of the Board of Directors serves at the age of 14, a member cannot be beforethe buildings to re -appoint.