Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (3438)	11/3/2000 7:54:28 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 3951

If the Federal Reserve Board chairman is independent, who appoints him/her? I believe the chairman has a five-year term. At the end of the term, the President nominates him/her or a new person for the next term, and the nomination is voted on by Congress (House/Senate/both? I forget). Since the Fed chairman has a longer term than the Pres, there is a chance that a given Pres wouldn't be able to nominate a chairman while in office. I'm not sure how you get rid of a Fed chairman, but I think it's got to be very difficult (involving a Congressional vote) so that the chairman is indeed independent. I don't think a President can simply fire a Fed chairman, especially one as revered as Greenspan.

To: pat mudge who wrote (3438)	11/3/2000 8:54:24 AM
From: 16yearcycle	Read Replies (2) \| Respond to of 3951

I know you have been responded to already and I think mucho has it all right except I THINK its a 4 year term, and AG was already reappointed and reconfirmed this past summer, so Bush isn't getting rid of him. Early on Bush and Gore both expressed their support for AG so Clinton pushed reappointent through to remove it as a political issue.