Monetary policies are largely determined by

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Monetary policies are determined by the Federal Reserve Board, which is an independent agency that operates independently of the government. While Congress can influence the policies of the Federal Reserve through legislation and appointments, it does not directly determine monetary policy. State legislatures and the Congressional Budget Office also do not have direct influence over monetary policy. Select members of the Senate may have some influence over monetary policy through their involvement in the confirmation process for Federal Reserve Board members, but again, the primary responsibility for setting monetary policy lies with the Board itself.

Monetary Policies Are Largely Determined by