The main policymaking arm of the Fed is the
A) Federal Open Market Committee.
B) Council of Economic Advisers.
C) Money Committee.
D) Beige Book Committee.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is the main policymaking arm of the Federal Reserve System. It is responsible for setting monetary policy, including decisions on interest rates and the supply of money in the economy. The FOMC is composed of the seven members of the Board of Governors of the Federal Reserve System and the 12 presidents of the Federal Reserve Banks.

The Main Policymaking Arm of the Fed Is the