Which of the following government bodies does NOT participate directly in formulating U.S. fiscal policy?
A) the President and his cabinet
B) the Federal Reserve Board
C) the House of Representatives
D) the Senate

Question

Quizplus · Accepted Answer

The Federal Reserve Board, while influential in economic policy through its control of monetary policy, does not directly participate in the formulation of fiscal policy, which is primarily the responsibility of the President and Congress (including both the House of Representatives and the Senate). Fiscal policy involves government spending and taxation decisions.

Which of the Following Government Bodies Does NOT Participate Directly