Who is responsible for monetary policy?

Question

Quizplus · Accepted Answer

The Federal Reserve Board, commonly referred to as the Fed, is responsible for setting monetary policy in the United States. The Fed is an independent government agency that has the authority to influence and implement policies related to money supply and interest rates. The president, Office of Management and Budget, and Congress may have some influence over monetary policy, but the primary responsibility lies with the Fed.

Who Is Responsible for Monetary Policy