The target interest rate for monetary policy in the United States is decided by:
A) the board of governors of the U.S. Federal Reserve.
B) the members of the Federal Open Market Committee.
C) the U.S. Congress.
D) the U.S. president.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for setting the target interest rate as part of its monetary policy role in the United States. This committee includes members of the Federal Reserve's Board of Governors and presidents of the Federal Reserve Banks.

The Target Interest Rate for Monetary Policy in the United