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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Related Terms
Federal Reserve Bank, Fed bias, industrial production, initial margin, margin requirement, Regulation G, Regulation Q, Regulation T, Regulation U
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