No Summary provided as the original text is short
- Federal Reserve Board (FRB): The governing body of the U.S. central bank, responsible for setting monetary policy and overseeing the Federal Reserve System.
- Interest Rate Cuts: A monetary policy action in which a central bank lowers borrowing costs to stimulate economic activity.
- Monetary Tightening: A policy stance where a central bank raises interest rates or reduces money supply to control inflation.