Federal Reserve Board

The Federal Reserve Board is the main governing body of the U.S. central banking system, responsible for overseeing monetary policy, regulating banks, and maintaining financial stability. It sets interest rates, controls the money supply, and works to promote economic growth and employment while keeping inflation in check. Composed of seven members appointed by the President and confirmed by the Senate, the Board provides guidance to the Federal Reserve System, the nation’s central bank, which includes regional Federal Reserve Banks. Its decisions influence the economy by affecting borrowing, spending, and investment across the country.