Most power in the Federal Reserve System is held by the
A)president and Congress.
B)Secretary of the Treasury, who appoints the members of the Board of Governors.
C)Board of Governors of the system.
D)member banks of the system.

Question

Quizplus · Accepted Answer

The Board of Governors of the Federal Reserve System holds the most power in the system, as they are responsible for setting monetary policy and supervising and regulating member banks. The president and Congress have influence over the system, but they do not hold as much power as the Board of Governors. The Secretary of the Treasury appoints members of the Board of Governors, but they do not hold direct power over the system themselves. Member banks are part of the system, but they do not hold power over the system as a whole.

Most Power in the Federal Reserve System Is Held by the