The primary responsibility of the Federal Open Market Committee is:
A) U.S. monetary policy.
B) regulate banks and insurance companies.
C) to bring the U.S. out of a recession in a timely manner.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is primarily responsible for overseeing the nation's monetary policy, which includes influencing money and credit conditions in the economy to pursue objectives of maximum employment, stable prices, and moderate long-term interest rates.

The Primary Responsibility of the Federal Open Market Committee Is