The federal reserve system board of governors to guide or conduct
nation's monetary policy.
Explanation:
The federal reserve system board of governors comprises of seven members which are nominated and approved or confirmed by the senate. All their responsibilities are charged towards guiding monetary policy. This is achieved or done by issuing regulations, supervising fed banks, approving budgets and appointment of directors.
The federal reserve system is to promoting, providing and maintaining an effective payment system and moderating long term interest rate.
