Is monetary policy determined by the federal reserve

ANSWERS: 2

Doggie S

Yes. The term "monetary policy" refers to the actions undertaken by a central bank, such as the Federal Reserve, to influence the availability and cost of money and credit to help promote national economic goals. The Federal Reserve Act of 1913 gave the Federal Reserve responsibility for setting monetary policy. The Federal Reserve controls the three tools of monetary policy--open market operations, the discount rate, and reserve requirements. http://www.federalreserve.gov/monetarypolicy/fomc.htm

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Carpediem COAT ab imo pectore

I agree with Doggie S, that is how things are the FDR is also responsible for printing money without gold baking on its value reason why the dollar is so badly off it is worthless green paper.

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