The federal Reserve is in charge of the United States’ monetary policy. Monetary Policy refers to the powers and abilities of the Federal Reserve System, also known as the Fed, to influence the economy by influencing the amount of money in the economy at any given time. If the amount of money in the economy increases it helps spur economic growth. If the amount of money in the economy decreases it slows the economy down.
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Last updated: 12/15/2017
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