Federal Reserve Oversight Council

The Federal Reserve Oversight Council is a group that monitors and supervises the activities of the Federal Reserve Banks to ensure financial stability and compliance with laws. It reviews policies, procedures, and operations of the Fed, providing oversight to prevent risks to the economy. The council includes representatives from various federal agencies and the Federal Reserve, working together to promote a safe, sound, and efficient financial system. Essentially, it acts as a supervisory body to oversee the Fed’s functions and ensure accountability within the U.S. financial infrastructure.