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Politics : President Barack Obama
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To: RetiredNow who wrote (103518)10/29/2011 10:12:22 PM
From: tonto  Read Replies (1) of 149317
 
You are correct. The Fed Chair cannot be fired by the President or Congress. He is appointed to the board of Governors for 14 years. Every 4 years the President can appoint the Chair with Congressional approval. Should another Governor be selected as Chair at that time, he would continue as one of seven board members, until his term is completed...unless he was impeached or resigned.
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