Which group within the Federal Reserve system decides whether to raise or lower interest rates and is the Fed's primary monetary policymaking body? Group of answer choices Federal Open Market Committee Board of U.S. Senators Federal Advisory Council Federal Reserve Banks

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14-10-2019
Social Studies

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Which group within the Federal Reserve system decides whether to raise or lower interest rates and is the Fed's primary monetary policymaking body? Group of answer choices Federal Open Market Committee Board of U.S. Senators Federal Advisory Council Federal Reserve Banks

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emsrelin emsrelin · Answer 1 · 2019-10-15T17:50:00+02:00

Answer: Right answer is Federal Open Market Comitttee (FOMC).

Accordingly to the competencies delegated from Congress instructions, the FOMC main service is to promote employability, controlling supply-demand undesirable interfering forces to stabilize prices and regulating the long-term interest rates as a mean of keeping investors - national and international - and attracting new ones to the capital market, altogether with modulating international sensation of trust on american market to make it attractive.