Monetary policy decisions are made by the
A)Federal Reserve Economic Committee.
B)Federal Open Market Committee.
C)Council of Economic Advisors.
D)Congress of the United States.
E)U.S.Mint.

Question

Quizplus · Accepted Answer

Monetary policy decisions in the United States are made by the Federal Reserve System, specifically the Federal Open Market Committee (FOMC). The FOMC is responsible for setting monetary policy, including decisions on interest rates and changes to the money supply. The Federal Reserve Economic Committee and Council of Economic Advisors provide advice to the Federal Reserve, but do not make monetary policy decisions. Congress and the U.S. Mint are also not directly responsible for monetary policy decisions.

Monetary Policy Decisions Are Made by the