Federal Reserve governors serve 14-year staggered terms to prevent any single president from controlling the board.

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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. Two-term presidents appoint maximum four governors; one-term presidents appoint two. Staggered expirations ensure institutional memory and policy continuity across administrations. The structure deliberately insulates monetary policy from electoral cycles—interest rate decisions reflect economic conditions rather than presidential reelection campaigns. Trump's attempt to remove Cook before her January 2038 term expiration circumvents this structural independence protection.

Federal Reserve governors serve 14-year staggered terms to prevent any single president from controlling the board.

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