http://en.wikipedia.org/wiki/Federal_Reserve_System
"[U]pon the expiration of their terms of office, members of the Board shall continue to serve until their successors are appointed and have qualified." The law provides for the removal of a member of the Board by the President "for cause".The Board is required to make an annual report of operations to the Speaker of the U.S. House of Representatives.
"[U]pon the expiration of their terms of office, members of the Board shall continue to serve until their successors are appointed and have qualified." The law provides for the removal of a member of the Board by the President "for cause".The Board is required to make an annual report of operations to the Speaker of the U.S. House of Representatives.
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