Why do you think the Fed maintains 14 -year terms for the Board of Governors? The terms are 14 years or less depending on when the govemor in question reaches age 65 . There is no deliberate strategy behind maintaining the length of the terms. Maintaining the 14-year terms helps to achleve the Fed's aim of confusing market participants about the stance of policy. Maintaining the 14 year terms helps ensure that all decisions are insulated from political pressure