question archive What group determines monetary policy? How many members serve in this group? Who always serves in this group? Who sometimes serves in this group? Explain

What group determines monetary policy? How many members serve in this group? Who always serves in this group? Who sometimes serves in this group? Explain

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What group determines monetary policy? How many members serve in this group? Who always serves in this group? Who sometimes serves in this group? Explain.

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Monetary policy in the United States is determined by the Federal Reserve. The Reserve is composed of seven members on the Board of Governors. They are appointed by the President and confirmed by the Senate. A term lasts for fourteen years, and one term begins every other February, meaning there is a new member added every even year.

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