The fiscal policy of the United States is formulated and carried out by the Federal Reserve.

Question

Quizplus · Accepted Answer

The fiscal policy of the United States is actually formulated by the federal government's legislative and executive branches (Congress and the President) and implemented through the budget and taxation decisions. The Federal Reserve, on the other hand, is responsible for the monetary policy of the country, which involves controlling the amount of money and credit available in the economy through various tools like interest rates and reserve requirements.

The Fiscal Policy of the United States Is Formulated and Carried