Federal Reserve Board governors
E74417
The Federal Reserve Board governors are the members of the U.S. central bank’s Board of Governors who help set national monetary policy, including interest rates and economic projections.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
member of central bank board
→
position → public official → |
| appliesToJurisdiction |
United States of America
→
|
| appointedBy |
President of the United States
→
|
| appointedFor |
staggered terms
→
|
| canBeChairOf |
Board of Governors of the Federal Reserve System
→
|
| canBeViceChairOf |
Board of Governors of the Federal Reserve System
→
|
| confirmedBy |
United States Senate
→
|
| country |
United States of America
→
|
| employer |
Board of Governors of the Federal Reserve System
→
|
| hasAuthorityUnder |
United States Code Title 12
→
|
| hasRole |
approving bank mergers and acquisitions under federal law
→
approving changes in the discount rate → formulating regulatory policy for banks and bank holding companies → implementing aspects of U.S. financial stability policy → issuing economic projections → overseeing consumer financial protection regulations within the Fed’s authority → overseeing the Federal Reserve Banks → participating in the Federal Open Market Committee → regulating and supervising certain financial institutions → setting U.S. monetary policy → setting reserve requirements within statutory limits → setting target federal funds rate → |
| legalBasis |
Federal Reserve Act of 1913
→
|
| locatedIn |
District of Columbia
→
|
| meetsAt |
Eccles Building
→
|
| memberOf |
Federal Open Market Committee
→
|
| numberOfSeats |
7
→
|
| oversees |
Federal Reserve Banks
→
|
| partOf |
Board of Governors of the Federal Reserve System
→
Federal Reserve System → |
| policyArea |
bank regulation
→
financial stability → monetary policy → payments system oversight → |
| publishes |
economic projections (Summary of Economic Projections)
→
monetary policy statements → |
| reportsTo |
United States Congress (for oversight and reporting)
→
|
| residenceRequirement |
must fairly represent the financial, agricultural, industrial, and commercial interests and geographical divisions of the country
→
|
| selectionProcess |
presidential nomination with Senate confirmation
→
|
| subclassOf |
U.S. federal government officials
→
monetary policymakers → |
| supervises |
bank holding companies (within its jurisdiction)
→
certain systemically important financial institutions (designated by law and regulation) → |
| termLength |
14 years
→
|
| termLimit |
one full 14-year term
→
|
| workLocation |
Washington, D.C.
→
|
Referenced by (1)
| Subject (surface form when different) | Predicate |
|---|---|
|
Summary of Economic Projections
→
|
contributors |