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27 votes
27 votes
Who controls the monetary policy in

the United States?
A. the president
B. the House of Representatives
C. the Federal Reserve
D. the Senate

User Charwyn
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1 Answer

23 votes
23 votes

c. the Federal Reserve is the real answer.

The term "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. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy.

The Federal Reserve controls the three tools of monetary policy--open market operations, the discount rate, and reserve requirements.

User Pararth
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