Which of the following government agencies oversees monetary policy in the U.S.?

Question

Quizplus · Accepted Answer

The Federal Reserve System, commonly referred to as the Fed, is the central banking system of the United States, responsible for implementing monetary policy and regulating the banking industry. It is an independent agency within the federal government, but its leadership is appointed by the President and confirmed by the Senate. Congress does have some oversight of the Fed, but it does not directly control monetary policy. The Treasury Department is responsible for managing government finances and implementing fiscal policy, but it does not oversee monetary policy. The Federal Trade Commission and the Department of Commerce focus on regulating business practices and promoting economic growth, respectively, but they are not involved in monetary policy.

Which of the Following Government Agencies Oversees Monetary Policy in the U.S