At the Federal Reserve,
A)the nation's monetary and fiscal policies are made by the Federal Open Market Committee,which meets about every six weeks.
B)the nation's monetary and fiscal policies are made by the Federal Open Market Committee,which meets twice a year.
C)the nation's monetary policy is made by the Federal Open Market Committee,which meets about every six weeks.
D)the nation's monetary policy is made by the Federal Open Market Committee,which meets twice a year.

Question

Quizplus · Accepted Answer

The Federal Reserve is responsible for implementing monetary policy in the United States. The decisions about monetary policy are made by the Federal Open Market Committee (FOMC), which is comprised of members of the Federal Reserve Board of Governors and presidents of several regional Federal Reserve Banks. The FOMC typically meets about eight times per year, or roughly every six weeks, to discuss economic and financial conditions and make decisions about monetary policy. Fiscal policy, on the other hand, is the domain of the federal government and is determined by Congress and the President.