A key power of the Fed is to

Name: A key power of the Fed is to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Federal Reserve (Fed) has the power to expand and contract the amount of credit available in the United States through monetary policies such as open market operations, reserve requirements, and discount rates. This is done to control inflation and stabilize the economy. The Fed does not have the power to change tax rates, lower the budget deficit, or lower the total national debt.

A Key Power of the Fed Is to