Question

Which type of policy is controlled by the Board of Governors of the Federal Reserve? fiscal policy federal policy monetary policy foreign policy domestic policy

Answer 1

Answer:

The Board of Governors of the Federal Reserve controls the monetary policy of the country.

Explanation:

The Board of Governors of the Federal Reserve is the board of directors of the American central bank. Its mission is to oversee the twelve Federal Reserve Banks and help implement US monetary policy.

It is composed of seven members appointed by the President of the United States and confirmed by the Senate for 14-year staggered terms. The board is currently chaired by Jerome Powell.

Answer 2

The monetary policy was controlled by the board of governors of the federal reserve.