Which of the following bodies are responsible for the conduct of monetary policy?
A) the Federal Reserve System
B) Congress and the President, jointly
C) the President
D) Congress

Question

Quizplus · Accepted Answer

The Federal Reserve System, also known as the “Fed”, is responsible for the conduct of monetary policy in the United States. It is independent from Congress and the President, and its purpose is to promote maximum employment, stable prices, and moderate long-term interest rates.

Which of the Following Bodies Are Responsible for the Conduct