The policy directive is a statement issued by the ______ to the New York Fed that directs the stance of monetary policy until the next _____ meeting.
A)FOMC, FOMC
B)IMF, World Bank
C)World Bank, IMF
D)U.S. Treasury, FDIC

Question

Quizplus · Accepted Answer

The policy directive is a statement issued by the Federal Open Market Committee (FOMC) to the New York Fed that directs the stance of monetary policy until the next FOMC meeting. The other options (B, C, and D) are not relevant to the FOMC's policy directive.

The Policy Directive Is a Statement Issued by the ______