Board of Governors of the Federal Reserve System

The Board of Governors of the Federal Reserve System is a group of seven experts appointed by the U.S. President and confirmed by the Senate. They oversee the Federal Reserve Banks, help set policies that influence interest rates, and guide the overall direction of the U.S. economy. The Board's decisions impact things like inflation, employment, and financial stability. They also supervise and regulate banks to ensure the safety of the financial system. Serving a 14-year term, the Board provides expert judgment to maintain a healthy economy and stable monetary environment.