The Fed is the central bank of the US. It provides us with a safe, flexible finacial system. It is supervised by the Board of Governors, it includes the 7 goveners, and the Chairman of the Fed. The Fed is also made up of 12 district banks around the country
The Board of Governors and the FOMC
There are 7 Governors. They are from all over the US. They work in Washington D.C. They help make the Monetary Policy of the US.
THe FOMC stands for Federal Open Market Committee. They make the Monitary Policy of the US.