Federal Reserve Board Definition

Federal Reserve Board

Definition

The 7-member Board of Governors that oversees Federal Reserve Banks, establishes monetary policy (interest rates, credit, etc.), and monitors the economic health of the country. Its members are appointed by the President subject to Senate confirmation, and serve 14-year terms. also called the Fed.

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Nearby Terms

Federal Open Market Committee
federal register
Federal Reserve Act of 1913
Federal Reserve Bank
Federal Reserve Bank Note
Federal Reserve Board
Federal Reserve Discount Rate
Federal Reserve requirement
Federal Reserve System
Federal Reserve Wire Network
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