The Federal Reserve Board of Governors is the main governing body of the Federal Reserve System, which is the central bank of the United States. It consists of seven members who are appointed by the President of the United States and confirmed by the Senate. The Board's primary responsibilities include overseeing the nation's monetary policy, regulating banks, and ensuring financial stability. The Board meets regularly to discuss economic conditions and make decisions that influence interest rates and money supply. Its actions aim to promote maximum employment, stable prices, and moderate long-term interest rates, which are essential for a healthy economy.