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Ohio Merits a Seat on the Fed | Mark A. Calabria | Cato Institute: Commentary: "Section 10 of the Federal Reserve Act requires that, in regard to members of the board, "not more than one of whom shall be selected from any one Federal Reserve district," "
"Jeremy Stein and Jerome Powell were recently sworn in as members of the Board of Gov ernors of the Federal Reserve System. According to his paperwork, submitted to the Senate, Professor Stein is from Massachusetts. Current Fed governor Dan Turullo is also from Massachusetts. Mr. Powell is from Maryland, as is current governor Sarah Bloom Raskin."
How well to legal protections work? Only as well as people are willing to follow them.
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