Asked by Shariar Mohammed on May 06, 2024
Verified
The chair of the Board of Governors regularly testifies to Congress about Fed policy.
Board of Governors
A group typically in charge of overseeing the management and operations of an organization or institution, such as the Federal Reserve in the United States.
Congress
Congress is the bicameral legislature of the federal government of the United States, consisting of two chambers: the Senate and the House of Representatives.
Fed Policy
The strategies implemented by the Federal Reserve, the central bank of the United States, to control the supply of money in the economy, influencing interest rates and inflation.
- Comprehend the functionality of the Federal Reserve system and its elements within the United States economic structure.
- Analyze the role and effects of monetary policy in economic situations, including crisis management.
Verified Answer
ZK
Zybrea KnightMay 07, 2024
Final Answer :
True
Explanation :
The chair of the Federal Reserve (often referred to as the Fed) regularly testifies before Congress to report on the Fed's monetary policy and other responsibilities, providing transparency and accountability to the legislative branch.
Learning Objectives
- Comprehend the functionality of the Federal Reserve system and its elements within the United States economic structure.
- Analyze the role and effects of monetary policy in economic situations, including crisis management.