English version

Federal Reserve Board

From Longman Business DictionaryFederal Reserve BoardˌFederal ˈReserve ˌBoard abbreviation FRB nounORGANIZATIONSBANKING the management board of the Federal Reserve System, whose seven members are chosen by the US president. It decides the POLICIES of the Federal Reserve SystemWith the Federal Reserve Board’s latest discount rate cut, mortgage rates have been driven to their lowest level in nearly 20 years.
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