Most of the day- to- day power in monetary policy decisions lies with
A) the Senate Banking Committee
B) the President of the United States
C) the chairman of the Board of Governors
D) large commercial banks

Question

Quizplus · Accepted Answer

The chairman of the Board of Governors holds the most power in day-to-day monetary policy decisions, as they lead the Federal Reserve System and are responsible for implementing policies on a daily basis. The Senate Banking Committee and President of the United States may have some influence, but they do not hold as much power in monetary policy decisions as the chairman of the Board of Governors. Large commercial banks also have some input, but they are not the primary decision-makers in monetary policy.

Most of the Day- To- Day Power in Monetary Policy