ECONOMICS
MONETARY POLICY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Who is in charge of Monetary policy within the Fed?
|
|
The Central Bank
|
|
|
FOMC
|
|
|
Board of Governors
|
|
|
Member banks
|
Explanation:
Detailed explanation-1: -The Federal Reserve controls the three tools of monetary policy–open market operations, the discount rate, and reserve requirements.
Detailed explanation-2: -How are monetary policy decisions made? The members of the Board of Governors and the presidents of the 12 Federal Reserve Banks gather at the Board’s office in Washington, D.C., for eight regularly scheduled meetings of the FOMC each year to discuss economic and financial conditions and deliberate on monetary policy.
Detailed explanation-3: -Understanding the Federal Open Market Committee (FOMC) The chair is Jerome Powell, who was sworn in for a second four-year term on May 23, 2022.
There is 1 question to complete.