The monetary policies carried out by the Fed
A)must be ratified by Congress.
B)must be consistent with fiscal policies passed by Congress.
C)are sometimes inconsistent with fiscal policy.
D)must be approved by the president.

Question

Quizplus · Accepted Answer

The Fed's monetary policies are independent of fiscal policies and are sometimes inconsistent with them. The Fed's actions are not ratified by Congress or approved by the president, although the Fed chair does testify before Congress and can meet with the president.

The Monetary Policies Carried Out by the Fed