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A Federal Reserve document states: Due to concerns about potential conflicts of interest ... Class A directors may not participate in most aspects of the
A Federal Reserve document states: "Due to concerns about potential conflicts of interest ... Class A directors may not participate in most aspects of the appointment process of Reserve Bank presidents and first vice presidents." a. Who are the Class A directors? b. What potential conflicts of interest is this document referring to? c. If there is a conflict of interest in the governance structure of the Federal Reserve Banks, why did Congress establish this structure when it passed the Federal Reserve Act in 1913
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