Asked by
Namaste Noida
on Oct 12, 2024
Verified
The most powerful individual in the Federal Reserve System is the
A) senior member of the Federal Open Market Committee.
B) Superintendent of the Board of Governors.
C) Chairman of the Federal Reserve Board.
D) New York District Bank President.
Federal Reserve Board
The governing body of the Federal Reserve System, responsible for overseeing the United States' central bank policies, including regulating banks and setting interest rates.
Federal Open Market Committee
The branch of the Federal Reserve System responsible for setting monetary policy, including influencing interest rates and controlling the money supply.
- Characterize the involvement and responsibilities of the Federal Reserve in the formulation and execution of monetary policy in the United States.
Verified Answer
GH
Learning Objectives
- Characterize the involvement and responsibilities of the Federal Reserve in the formulation and execution of monetary policy in the United States.