The conduct of monetary policy is the responsibility of
A)commercial banks.
B)the U.S.Treasury.
C)the Federal Reserve System.
D)the Congress and the president.

Question

Quizplus · Accepted Answer

The Federal Reserve System, also known as the "Fed," is responsible for conducting monetary policy in the United States. The Fed is an independent agency created by Congress to oversee the nation's banking system, regulate financial institutions, and influence the country's monetary policy. Neither commercial banks nor the U.S. Treasury have primary responsibility for conducting monetary policy. While Congress and the president can have oversight over the Fed through legislation and appointments, they do not directly conduct monetary policy.

The Conduct of Monetary Policy Is the Responsibility of