The institution that governs monetary policy is

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The institution that governs monetary policy in the United States is the Federal Reserve, which is often referred to as the central bank. The Congress and the President play a role in shaping economic policy, including fiscal policy, but the Federal Reserve has the primary responsibility for ensuring price stability, promoting maximum employment, and stabilizing the financial system. The Treasury Department manages the government's finances and debt, but it is not responsible for monetary policy.

The Institution That Governs Monetary Policy Is