Which of the following is in charge of the buying and selling of government securities by the Fed?
A) The president.
B) The Federal Open Market Committee.
C) The Congress.
D) None of the above.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is in charge of the buying and selling of government securities by the Fed. The FOMC is a committee of the Federal Reserve System responsible for implementing monetary policy in the United States. It is made up of the seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank presidents. The president and Congress do not have direct control over the Fed's actions in this matter.

Which of the Following Is in Charge of the Buying