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Final answer:
The Federal Reserve System operates independently of Congress, with members appointed for long terms to ensure autonomy in decision-making.
Explanation:
The Federal Reserve System (the Fed) is structured to be independent of Congress and the government, with appointments for Board of Governors members made by the President for 14-year terms to insulate them from political pressure. The Fed's policy decisions do not require congressional approval, enhancing its autonomy in conducting monetary policy.
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