The committee that advised the Fed on the growth of the money supply and the level of interest rates is "B", the Federal Open Market Committee. <span>The Federal Open Market Committee is the branch of the Federal Reserve Board that determines USA monetary policy. It consists of twelve members and holds eight meetings a year. The committee reviews current economic and financial conditions to plot the way forward for the Federal monetary policy. It also assesses the risks to its long-term goals of price stability and sustainable economic growth.</span>