The ______ decides monetary policy.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is responsible for making monetary policy decisions in the United States. It sets the target for the federal funds rate and decides on other measures to influence the money supply and credit conditions in the economy. The Chairperson of the Federal Reserve Board (A) leads the FOMC, but the committee as a whole is responsible for these decisions. The President (C) does not have direct control over monetary policy, although they can appoint members to the Federal Reserve Board. Congress (D) has oversight responsibility for the Federal Reserve, but does not make monetary policy decisions.

The ______ Decides Monetary Policy