Monetary policy is carried out primarily through actions taken by the

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Monetary policy is primarily carried out through actions taken by the Federal Reserve Board and Federal Open Market Committee, which are responsible for setting interest rates, controlling the money supply, and regulating banks in order to achieve stable prices and low unemployment. The president, Treasury Department, and member banks of the Federal Reserve System may all have some influence on monetary policy, but they do not have the primary responsibility for implementing it. The chairperson of the Board of Governors of the Federal Reserve System also plays an important role, but is not solely responsible for monetary policy.

Monetary Policy Is Carried Out Primarily Through Actions Taken by the