Which entity carries full responsibility for setting the overall direction of monetary policy and guiding the money supply?
A) The Federal Open Market Committee
B) The chairman of the Federal Reserve
C) The Board of Governors
D) The Cabinet

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for overseeing the nation's open market operations and setting the direction of monetary policy, including decisions on interest rates and the money supply, which directly influences economic activity.

Which Entity Carries Full Responsibility for Setting the Overall Direction