ECONOMICS
FEDERAL RESERVE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Election of Reserve Bank presidents
|
|
|
Helping the President of the United States
|
|
|
Representing members of the Senate
|
|
|
Federal Open Market Committee
|
Detailed explanation-1: -The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
Detailed explanation-2: -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-3: -The main role of the FOMC is to control monetary policy. A consolidated report of economic conditions in each of the Federal Reserve districts; used by the FOMC in formulating monetary policy.
Detailed explanation-4: -The chair is Jerome Powell, who was sworn in for a second four-year term on May 23, 2022. The vice-chair of the FOMC is John Williams. Other Federal Reserve Board members include Michelle Bowman, Michael Barr, Lisa Cook, Philip Jefferson, and Christopher Waller.