The name for the federal agency with appointed, long-serving board members that sets monetary policy in order to keep inflation in check and encourage economic growth.

Question

Quizplus · Accepted Answer

The Federal Reserve (Fed) is the correct answer, as it is the federal agency with appointed, long-serving board members that sets monetary policy in order to keep inflation in check and encourage economic growth. The Congressional Budget Office (CBO) is responsible for providing nonpartisan analysis of budgetary and economic issues for Congress. The Office of Management and Budget (OMB) is responsible for assisting the President in overseeing the preparation of the federal budget and supervising its administration in the executive branch agencies. The Council of Economic Advisors (CEA) is responsible for advising the President on economic policy matters.

The Name for the Federal Agency with Appointed, Long-Serving Board