Federal Reserve Board (FRB)
The governing body of the Federal Reserve System. The seven members of the board of governors are appointed by the president, subject to confirmation by the Senate. Investopedia Says:
The board sets Fed policy regarding the discount rate and reserve requirements (among other key economic decisions).
Typically, the chairman of the board of governors is also the chairman of the Federal Reserve Open Market Committee (FOMC). Related Terms:
Alan Greenspan
Ben Bernanke
Discount Rate
Discount Window
Fed Model
Federal Funds Rate
Federal Reserve Bank
Federal Reserve Open Market Committee (FOMC)
Monetary Policy
Moral Suasion
Open Market Operations
Prime Rate
Reserve Requirements |