The main policy-making body of the Federal Reserve System is the
A)Board of Governors of the Federal Reserve System.
B)Board of Presidents of the Federal Reserve Banks.
C)Federal Open Market Committee.
D)Board of Advisors.
E)Federal Monetary Conditions Board.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is the main policy-making body of the Federal Reserve System, responsible for making decisions about monetary policy, such as setting interest rates and implementing other measures to stabilize the economy. The FOMC includes the seven members of the Board of Governors of the Federal Reserve System and five of the twelve presidents of the Federal Reserve Banks, who serve on a rotating basis.

The Main Policy-Making Body of the Federal Reserve System Is