asked 201k views
2 votes
Which organization sets monetary policy for the United States?

Board of Governors
Congress
Federal Open Market Committee
Federal Reserve Banks

asked
User Kjayakum
by
8.2k points

2 Answers

4 votes
Federal Open Market Committee
answered
User Slatunje
by
7.3k points
4 votes

Answer:

Federal Open Market Committee

Step-by-step explanation:

The FOMC (Federal Open Market Committee), is a Federal Reserve body responsible for deciding on US monetary policy issues. It sets interest rates and monetary resources and supervises open market operations, which are the purchase and sale of US Treasury securities by the Federal Reserve.

The FOMC also directs the operations carried out by the Federal Reserve System in the foreign exchange market, in coordination with the US Treasury, which is responsible for setting policies regarding the exchange rate of the US dollar.

answered
User Whatupdave
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7.8k points
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