ECONOMICS
FISCAL POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Mayor of Washington D.C.
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President of the US
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Head of the largest bank in the country
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Chairperson
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Detailed explanation-1: -At the center of the Federal Reserve structure is the Board of Governors in Washington, D.C. The Board is charged with overseeing the entire Federal Reserve System and operates as an independent government agency. The Board is made up of seven members who are nominated by the President and confirmed by the Senate.
Detailed explanation-2: -One of the chairman’s most important duties is to serve as the chair of the Federal Open Market Committee (FOMC), which is critical in setting short-term U.S. monetary policy. By law, the chairman reports twice a year to Congress on the Federal Reserve’s monetary policy objectives.
Detailed explanation-3: -The chair provides leadership and executes the mandate of the central bank, pushing for maximum employment, stable prices, and long-term interest rates in the moderate range.