Which of the following does NOT contribute to the Fed's political independence
A. 14 year, non-renewable terms for members of the Board of Governors of the Fed
B. self-financing of Fed operations through interest earned on its bond portfolio
C. staggered terms of members of the Board (a given president wil get to appoint only a few new members when terms expire)
D. the ability of Congress to change the legislation creating and governing the Fed at any time.

The Board of Governors of the Federal Reserve system, normally called the Federal Reserve Board, is the main governing body of the Federal Reserve gadget. It's miles charged with overseeing the Federal Reserve Banks and with supporting enforce our financial coverage of us. Governors are appointed by the president of the united states and showed by means of the Senate for staggered 14-yr phrases. Via law, the appointments need to yield a "truthful representation of the financial, agricultural, industrial, and industrial pursuits and geographical divisions of the us of a". As stipulated in the Banking Act of 1935, the Chair and Vice Chair of the Board are two of 7 participants of the Board of Governors who are appointed by means of the President from many of the sitting governors of the Federal Reserve Banks.

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