Which of the following is responsible for the Feds daily act

Which of the following is responsible for the Fed\'s daily activity in financial markets?

a) The Board of Governors.

b) The House of Representatives Ways and Means Committee.

c) Bank of America.

d) The FOMC.

I believe it\'s d. Is that correct?

Solution

Answer) d) The FOMC.

FOMC- federal open market committee responsible for the Fed\'s daily activity in financial markets. Plays a crucial role in setting short-term interest rates and the level of reserves to be held by private banks.