Question

What is the Federal Reserve doing that can only be done with the consent of the Secretary of Treasury?

Group of answer choices

Deploying emergency lending powers.

Changing the amount that banks need to have in reserve.

Increasing the interest rate.

Taxing businesses

Answer 1

The Secretary is responsible for formulating and recommending domestic and international financial, economic, and tax policy, participating in the formulation of broad fiscal policies that have general significance for the economy, and managing the public debt.

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Step-by-step explanation: