The ____________________ is a statement issued by the FOMC to the New York Fed that directs the stance of monetary policy until the next FOMC meeting.
A)Monetary Policy Report
B)policy directive
C)long term policy stance
D)the short run strategy

Question

Quizplus · Accepted Answer

The policy directive is a statement issued by the FOMC to the New York Fed that directs the stance of monetary policy until the next FOMC meeting. The Monetary Policy Report is a report submitted to Congress twice a year that discusses current and projected economic conditions and outlines the Fed's monetary policy strategy. There is no such thing as a "long term policy stance" or "the short run strategy" statement issued by the FOMC.

The ____________________ Is a Statement Issued by the FOMC to the New