Federal Reserve Board And Interest Rate Cuts. This five-page senior level paper discusses the impact and importance of Federal Reserves fund rate cuts this year. The Federal Reserve Board is the central bank of the United States, which is responsible for creating and regulating the monetary policy in the country. The Board has slashed interest rate 11 times this year in an attempt to revitalize the economy. 5 pgs. Bibliography lists 4 sources. Pages: 5 Bibliography: 4 source(s) listed Filename: 10413 Federal Reserve Board.doc Price: 44.75