Federal Reserve Board of Governors

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/federal-reserve-board-of-governors

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the Federal Reserve Board of Governors?The Board of Governors is the top group that runs the U.S. central bank and makes big money rules.
2. How many people make up the Board of Governors?The Board has seven members, each chosen by the President and confirmed by the Senate.

Monetary Policy: The actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity, influencing inflation and employment.
Federal Open Market Committee (FOMC): The principal monetary policymaking body of the Federal Reserve System, responsible for directing open market operations.
Open Market Operations: The buying and selling of government securities by a central bank to influence the money supply and interest rates.
Federal Funds Rate: The target interest rate set by the FOMC for overnight lending between banks.