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Federal Reserve System

The central bank of the United States, responsible for managing monetary policy, supervising banks, and maintaining financial stability.

Board of Governors

The main governing body of the Federal Reserve System, consisting of seven members appointed by the President and confirmed by the Senate.

Monetary Policy

Actions taken by the central bank to control the money supply and credit conditions to influence economic activity, such as setting interest rates.

Dual Appointment

When an individual holds two or more official positions at the same time, especially if one is a presidential appointment and another is a Federal Reserve leadership role.

Federal Reserve Bank Presidents

Leaders of the twelve regional Federal Reserve Banks, who contribute to national monetary policy and oversee banking operations in their districts.

Leave of Absence

A period during which an employee is excused from work, often while maintaining their employment status or the option to return.