Board of Governors

The Board of Governors is a group of individuals responsible for overseeing and making key decisions for an organization, such as a bank or a university. In the context of a central bank, like the Federal Reserve in the U.S., the Board sets monetary policy, regulates financial institutions, and ensures economic stability. Members are usually appointed by government officials and serve to represent the public interest. Their decisions can influence everything from interest rates to inflation, affecting the economy broadly. Essentially, they guide the institution's direction and ensure it operates effectively and responsibly.