The Federal Reserve establishes the tax policies of the U.S.

Question

Quizplus · Accepted Answer

The Federal Reserve does not establish tax policies. Tax policies are established by the legislative branch of government (Congress) and enforced by the executive branch (the President and the Treasury Department). The Federal Reserve's main responsibility is to manage monetary policy, which involves setting interest rates, regulating the money supply, and overseeing the banking system.

The Federal Reserve Establishes the Tax Policies of the U