The FOMC states its overall objectives for interest rates in
A) the Governors' Order.
B) a policy directive.
C) the Federal Reserve Bulletin.
D) the Chairman's Order.

Question

Quizplus · Accepted Answer

The FOMC's overall objectives for interest rates are stated in a policy directive. This directive guides the Fed's open market operations and sets targets for the federal funds rate. The other options, such as the Federal Reserve Bulletin and the Chairman's Order, may provide information on the Fed's actions and decisions but do not specifically state the objectives for interest rates. The Governors' Order is not a term associated with the FOMC.

The FOMC States Its Overall Objectives for Interest Rates in