Monetary policy in the United States is primarily the responsibility of ________.

Question

Quizplus · Accepted Answer

The Federal Reserve System, also known as the "Fed," is responsible for formulating and implementing monetary policy in the United States. This includes setting interest rates, controlling the money supply, and regulating the banking system. The President and Congress have limited influence over the Fed's monetary policy decisions. The U.S. Treasury is responsible for managing the federal government's finances, while the Comptroller of the Currency supervises national banks.

Monetary Policy in the United States Is Primarily the Responsibility