Federal Reserve Board

Definition

The Federal Reserve Board (FRB) is the governing body of the Federal Reserve System, which is the central banking system of the United States. It oversees the nation's monetary policy, regulates banks, maintains financial stability, and provides financial services to depository institutions, the U.S. government, and foreign official institutions.

Related terms

Monetary Policy:

The process by which a central authority (like the FRB) controls money supply in the economy typically targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

Interest Rate: The amount charged by lenders to borrowers for the use of money as a percent of the principal loan amount.

Inflation:

A general increase in prices and fall in the purchasing value of money over time