Which of the following is responsible for the Fed's daily activity in financial markets?

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for the Fed's daily activity in financial markets, including setting interest rates and implementing monetary policy. The Board of Governors is part of the Fed but is not solely responsible for daily market activity. The House of Representatives Ways and Means Committee is a congressional committee that deals with taxation and revenue policy, not monetary policy. Bank of America is a private bank and is not responsible for the Fed's daily activity.

Which of the Following Is Responsible for the Fed's Daily