Federal Reserve Board (FRB)
The seven member managing group of the central banking system of the United States that are appointed by the U.S. President and confirmed by the Senate. The Federal Reserve Board (FRB) is usually chaired by the FOMC chairman, and it sets key monetary policy aspects that include the level of the Fed's discount rate and reserve requirements, shifts in which can affect the forex market significantly.
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Federal Open Market Committee (FOMC)
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