Question

The primary responsibility for determining monetary policy in the united states rests with the

Answer 1

Federal Reserve/Federal Open Market Committee

Step-by-step explanation:

Monetary policy refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. In 1913, the Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy.

Within the Federal Reserve System is a committee, known as the Federal Open Market Committee (FOMC), which is the is the key committee of United States national monetary policy. The FOMC sets monetary policies by specifying the short-term objective for the Fed's open market operations, which is usually a target level for the federal funds rate (the rate that commercial banks charge between themselves for overnight loans).

Answer 2

Federal Reserve System

Step-by-step explanation:

The Federal Reserve System is the central banking system of the United States of America. The FRS provides a safe, scalable and stable monetary and financial system for the country.

The Federal Reserve works to promote a strong U.S. economy. They conduct the nation's monetary policy, provide and maintain an effective and efficient payments system, and. supervise and regulate banking operations.