The real power within the Federal Reserve lies with the

Question

Quizplus · Accepted Answer

While the Federal Reserve District banks do have some authority in the implementation of monetary policy, the real power lies with the Board of Governors. The Board sets interest rates, supervises and regulates banks, operates payment systems, and represents the U.S. in international financial matters. The Council of Economic Advisors and the Council of Monetary Advisors are advisory bodies and do not have direct control over monetary policy.

The Real Power Within the Federal Reserve Lies with the