In the United States decisions to increase interest rates are made by the _____ and decisions to increase taxes are made by ____.

Question

Quizplus · Accepted Answer

A government institution called the central bank conducts monetary policy, which controls interest rates. The Federal Reserve System (the Fed for short) is the central bank of the United States. Fiscal policy refers to decisions that determine the government's budget, and includes decisions on the amount taxes collected. In the United States, Congress conducts fiscal policy.

In the United States Decisions to Increase Interest Rates Are