Which of the following entities is responsible for determining interest rates in the United States?

Question

Quizplus · Accepted Answer

The Federal Reserve Board (also known as the "Fed") is responsible for setting and adjusting interest rates in the United States. This is done through a variety of tools, including the federal funds rate and open market operations, in order to influence the economy and maintain price stability. Congress, the Congressional Budget Office, and the Executive Office of the President are not directly responsible for determining interest rates.

Which of the Following Entities Is Responsible for Determining Interest