Most Fed watchers believe that the Fed is

Question

Quizplus · Accepted Answer

The Federal Reserve (Fed) is often considered decentralized in theory because it comprises a network of 12 regional Federal Reserve Banks across the U.S., each serving its own specific geographic area. However, in practice, it is seen as centralized due to the significant role of the Board of Governors in Washington, D.C., and the Federal Open Market Committee (FOMC), which are central bodies making key decisions affecting the entire U.S. economy.

Most Fed Watchers Believe That the Fed Is