1.2: Functional Reviews

Review the Board's functions related to monetary policy and financial stability.

Other Information:

The members of the Board comprise a majority of the voting membership of the Federal Open Market Committee (FOMC), which is responsible for the conduct of the nation's monetary policy. The goals of monetary policy are specified in the Federal Reserve Act, which indicates that the Board of Governors and the FOMC should seek "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." Board staff support this responsibility by conducting research and performing analysis related to domestic and international financial and economic matters. These activities are mainly carried out by the Division of Monetary Affairs, the Division of Research and Statistics, and the Division of International Finance.

Stakeholder(s):

• Federal Reserve Board


• Federal Open Market Committee (FOMC)


• FRB's Division of Monetary Affairs


• FRB's Division of Research and Statistics


• FRB's Division of International Finance

Indicator(s):

Indicator:1

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