FOMC directives to the account manager
A)are usually very detailed, leaving him little room for discretion.
B)are issued very infrequently, leaving the account manager effectively in charge of monetary policy for months at a time.
C)are usually vaguely worded.
D)are usually concerned with technical matters and have little to do with monetary policy.

Question

Quizplus · Accepted Answer

FOMC directives to the account manager are usually vaguely worded, giving the account manager some discretion in interpreting and implementing them.

FOMC Directives to the Account Manager