ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Federal Reserve sets U.S. monetary policy and the New York Fed plays a central role in implementing it. The Fed’s economic goals prescribed by Congress are to promote maximum employment, stable prices, and moderate long-term interest rates.

Detailed explanation-2: -Conducting Monetary Policy The Federal Reserve sets U.S. monetary policy to promote maximum employment and stable prices in the U.S. economy.

Detailed explanation-3: -The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

Detailed explanation-4: -Conducting the nation’s monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.

Detailed explanation-5: -The policy often targets inflation or interest rate to ensure price stability and generate trust in the currency. The monetary policy in India is carried out under the authority of the Reserve Bank of India.