In practice, the Board of Governors and FOMC typically defer to the policy proposals of the:

Question

Quizplus · Accepted Answer

The Chair of the Fed holds significant influence in shaping monetary policy, and the Board of Governors and FOMC often defer to their policy proposals. While the President and Secretary of Treasury may have input in Fed decisions, the Chair holds the most sway in setting and implementing policy. The Speaker of the House has no direct role in setting monetary policy.

In Practice, the Board of Governors and FOMC Typically Defer