The main policy making group that makes decisions about the nation's monetary policy is the
A) Federal Open Market Committee.
B) Federal Reserve Banks.
C) Board of Governors.
D) federal government.

Question

Quizplus · Accepted Answer

The Federal Open Market Committee (FOMC) is the main policy making group that makes decisions about the nation's monetary policy. It is comprised of the seven members of the Board of Governors and five of the 12 Federal Reserve Bank presidents. Together, they make decisions on key monetary policy issues, such as setting the federal funds rate and deciding whether to engage in quantitative easing programs.

The Main Policy Making Group That Makes Decisions About the Nation's