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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Federal Reserve Board  

Definition 1.

The 7-member Board of Governors that oversees Federal Reserve Banks, establishes monetary policy (interest rates, credit, etc.), and monitors the economic health of the country. Its members are appointed by the President subject to Senate confirmation, and serve 14-year terms. also called the Fed.
 

Definition 2.

The seven governing members of the Federal Reserve System. Board members are appointed to 14-year terms. The chairman is appointed to a four-year term.
 
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