Final answer:
All seven members of the Federal Reserve's Board of Governors are appointed by the President and confirmed by the Senate for 14-year terms.
Step-by-step explanation:
The members of the Federal Reserve's Board of Governors who are appointed by the President and confirmed by the Senate include all seven members. These appointments are for 14-year terms and are arranged so that one term expires January 31 of every even-numbered year.
This structure is designed to insulate the Board of Governors from political pressure and allows governors to make policy decisions based on economic merits.