In theory,the Fed is

Question

Quizplus · Accepted Answer

The Federal Reserve (also known as the Fed) is an independent entity within the government and is not controlled by Congress or the president. Its primary responsibility is monetary policy, which is separate from fiscal policy (which is mainly controlled by Congress and the president). Option A is incorrect because other government entities, such as Congress and the president, also have an impact on economic policy. Option B is incorrect because the Fed does not plan the entire economy, but rather manages certain aspects of the monetary system. Option D is incorrect because the Fed does not control fiscal policy, which is the responsibility of Congress and the president.

In Theory,the Fed Is