Control of monetary policy rests with
A)Congress.
B)the President.
C)the Federal Reserve.
D)the Comptroller of the Currency.
E)the U.S.Treasury.

Question

Quizplus · Accepted Answer

The Federal Reserve, also known as the central bank of the United States, is responsible for setting and implementing monetary policy. Congress has authority over the Fed, but its control is limited to oversight and the confirmation of appointments to the Fed’s Board of Governors. The President has some influence through his appointments to the Board of Governors, but the Fed is an independent agency and is designed to operate free of political influence. The Comptroller of the Currency and the U.S. Treasury are involved in banking and financial regulation, but they do not have direct control over monetary policy.

Control of Monetary Policy Rests with