the Federal Reserve Board
noun
BANKING,FINANCE,GOVERNMENTukus(abbreviationthe FRB);(alsothe Federal Reserve);(the Federal Reserve Board of Governors);(informalthe Fed)thegroupof sevenpeoplewho arechosenby thePresidentof theUnitedStatestocontroltheactivitiesof the Federal Reserve Banks and to makefinancialdecisionsrelatingto the USeconomy:
The Federal Reserve Boardmovedyesterdaytostabilizethecreditmarkets.
achairman/governor/memberof the Federal Reserve Board