__________ has the primary responsibility for determining interest rates in the United States.

Question

Quizplus · Accepted Answer

The Federal Reserve Board, also known as the Fed, has the primary responsibility for determining interest rates in the United States. The Fed sets short-term interest rates through its control of the federal funds rate and adjusts monetary policy to achieve its objectives of maximum employment, stable prices, and moderate long-term interest rates. While Congress and the Department of the Treasury may influence interest rates indirectly through fiscal policy and debt management, they do not have direct control over interest rates like the Fed. Wall Street may also impact interest rates through market conditions and investor sentiment, but they do not have authority over interest rate decisions.

__________ Has the Primary Responsibility for Determining Interest Rates in the United