The primary responsibility of conducting monetary policy rests with the:

Question

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The Federal Open Market Committee (FOMC) is responsible for conducting monetary policy in the United States. It is composed of members of the Board of Governors of the Federal Reserve System and presidents of several of the Federal Reserve Banks. The FOMC is in charge of setting interest rates and making other key decisions that impact the country's monetary policy. The Board of Governors is also involved in this process, but the primary responsibility lies with the FOMC. The Federal Deposit Insurance Corporation (FDIC) and the U.S. Treasury are not involved in conducting monetary policy.

The Primary Responsibility of Conducting Monetary Policy Rests with The