Board of Governors of the Federal Reserve System
/ˈbɔrd əv ˈɡʌvərnərz əv ðə ˈfɛdərəl rɪˈzɜrv ˈsɪstəm/
Definitions
- (n.) The federal agency responsible for overseeing the Federal Reserve Banks, regulating banking institutions, and setting monetary policy in the United States.
The Board of Governors of the Federal Reserve System set interest rates to control inflation.
Forms
- board of governors of the federal reserve system
Related terms
See also
Commentary
This term specifically refers to the seven-member governing body; distinguish it from the broader Federal Reserve System.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.