What is the primary purpose of the Federal Reserve Board's staggered 14-year term structure?

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The Board's seven members serve staggered 14-year terms, with one term expiring on January 31 of each even-numbered year. This design deliberately insulates the Fed from political pressure by ensuring Board composition spans multiple presidential and congressional terms. Members who serve a full term cannot be reappointed, though those filling partial terms can later serve a full 14-year term. The Chair and Vice Chair serve four-year terms.

What is the primary purpose of the Federal Reserve Board's staggered 14-year term structure?

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