Back to Fed Governor Cook defies Trump firing, creating Fed constitutional standoff
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true false
Federal Reserve governors serve 14-year staggered terms to prevent any single president from controlling the board.
Explanation
The Federal Reserve Act established seven Board positions with 14-year staggered terms—one expiring every two years. This prevents any single president from controlling the Board through appointments....
Related Questions
Lisa Cook is the first Black woman to serve as a Federal Reserve governor.
Easytrue falseTrump fired Lisa Cook on August 25, 2025, marking the first time a president fired a Fed governor in the central bank 111-year history.
Easytrue falseAdriana Kugler resigned from Fed Board in August 2025 shortly before Trump fired Cook, citing return to teaching at Georgetown.
Easytrue false
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