Source: SOURCE: Image of Federal Reserve Act of 1913 Creative Commons https://openlibrary.org/books/OL7126479M/The_Federal_reserve_act_of_1913;SOURCE: Image of Janet Yellen Creative Commons http://www.federalreserve.gov/aboutthefed/bios/board/yellen.htm;SOURCE: Image of Map of Federal Reserve Districts Creative Commons http://www.federalreserve.gov/otherfrb.htm; SOURCE: Image of One Dollar Bill Creative Commons http://en.wikipedia.org/wiki/File:Onedolar2009series.jpg
A committee within the Federal Reserve System that has responsibility and oversight of open market operations, buying and selling of U.S. Treasury securities for the purpose of interest rate, and money supply management, one of the key components of monetary policy. The committee also sets the target for the federal funds target rate.
The central banking authority for the United States with direct oversight authority for monetary policy.
The seven member governing board of the Federal Reserve Board. The members are nominated by the President and confirmed by the Senate to serve a fourteen-year staggered term.