In the United States, monetary policy is carried out by
A)the Federal Reserve System.
B)Congress.
C)the President.
D)Congress and the President acting together.

Question

Quizplus · Accepted Answer

The Federal Reserve System is responsible for conducting monetary policy in the United States, including setting interest rates and managing the money supply. Congress and the President may influence monetary policy through legislation and appointments to the Federal Reserve Board, but the actual implementation of policy is handled by the Federal Reserve System.

In the United States, Monetary Policy Is Carried Out by