US onAir Network
The Federal Reserve Board, also known as the Board of Governors of the Federal Reserve System, is essentially the governing body of the entire Federal Reserve System, the central bank of the United States.
Here’s a breakdown of the Federal Reserve Board:
- Function: Overseeing the Federal Reserve Banks and implementing monetary policy for the country [USAGov Federal Reserve System]. This means they influence things like interest rates and inflation.
- Structure: A board of Governors appointed by the President and confirmed by the Senate, serving 14-year terms. The current Chair is Jerome Powell.
- Location: Washington D.C.
