Which of the following entities is responsible for influencing interest rates in the United States?

Question

Quizplus · Accepted Answer

The Federal Reserve Board, often referred to simply as the Federal Reserve or the Fed, is the central banking system of the United States. It has the primary responsibility for setting monetary policy, including influencing interest rates through mechanisms such as setting the federal funds rate, which banks charge each other for overnight loans. This in turn affects the rates that consumers and businesses pay for loans and receive on savings.

Which of the Following Entities Is Responsible for Influencing Interest