Which of the following is responsible for invoking the Fed's emergency powers?

Question

Quizplus · Accepted Answer

The Board of Governors is responsible for invoking the Fed's emergency powers, as established in Section 13(3) of the Federal Reserve Act. While the FOMC, Fed Chairman, and Federal Reserve Bank presidents may play a role in decision-making during emergencies, the actual invocation of emergency powers falls under the jurisdiction of the Board of Governors.

Which of the Following Is Responsible for Invoking the Fed's