Monetary policy is:

A) controlled by the president,who appoints the members of the Board of Governors.
B) controlled by the president,who appoints the members of the Open Market Committee.
C) insulated from politics since the term of only two members of the Board of Governors expires during the tenure of any modern president of the U.S.
D) insulated from politics because the Federal Reserve Board is the bankers' bank.
E) controlled by the department of finance of the United States.

Open Market Committee

A committee within the Federal Reserve that is responsible for overseeing the country's open market operations, including the buying and selling of government securities to manage the money supply and influence interest rates.

Board of Governors

A governing body, often of a bank, organization, or college, responsible for overseeing its management and operations.

Monetary Policy

Actions taken by a central bank to control the money supply in an economy, influencing interest rates and inflation.