Monetary policy is handled primarily by the Federal Reserve System.

Question

Quizplus · Accepted Answer

Monetary policy is indeed primarily handled by the Federal Reserve System or the "Fed," which is the central bank of the United States. Its main responsibility is to regulate the nation's money supply and credit conditions to achieve specific macroeconomic goals, such as price stability, full employment, and sustainable economic growth. The Federal Reserve System is an independent agency that operates under the supervision of Congress, but it has considerable autonomy in carrying out its monetary policy decisions.

Monetary Policy Is Handled Primarily by the Federal Reserve System