Fill in the blanks using the NUMBER that corresponds to the correct word or phrase in the word bank below: . senate 2. seven . Employment 4. twelve . Interest rates 6. Federal Open Market Committee . Stable prices 8. Regulate . Supervise 0. Lower . More 12. President/presidents . Central Bank The Federal Reserve often referred to as \"the Fed\" is the of the United States. The Fed includes the Board of Governors in Washington DC. which has members. All of the members of the Board are appointed by the of the United States and conrmed by The Fed also includes regional Federal Reserve Banks located in cities throughout the country. Congress has tasked the Fed with implementing monetary policies that promote maximum and Monetary policy decisions at the Fed are made by the , which includes all seven members of the Board of Governors and from the reserve banks. In addition to conducting monetary policy, the Federal Reserve also helps to and the nation's banks and works to promote a stable nancial system. When the Fed changes it can change how fast the economy is growing. When the Fed raises interest rates borrowing becomes expensive When the economy is in a receSSion the Fed can interESt rates to try to help spur investment and increase spending