ECONOMICS
MONETARY POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The POTUS & Congress
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The Federal Reserve Bank & Fed Chairman (Jerome Powell)
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Either A or B
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None of the above
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Detailed explanation-1: -The Fed, as the nation’s monetary policy authority, influences the availability and cost of money and credit to promote a healthy economy. Congress has given the Fed two coequal goals for monetary policy: first, maximum employment; and, second, stable prices, meaning low, stable inflation.
Detailed explanation-2: -The Federal Open Market Committee sets U.S. monetary policy in accordance with its mandate from Congress: to promote maximum employment, stable prices, and moderate long-term interest rates 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: -The Reserve Bank of India (RBI) controls the monetary policy. The Monetary Policy Committee (MPC) is assisted by the Monetary Policy Department of the Reserve Bank of India in formulating the monetary policy.