Monetary policy
CLEP American Government, Chapter 17 Monetary policy Monetary policy consists of Federal Reserve actions and communications intended to influence interest rates and broader financial conditions in pursuit of goals Congress established, including maximum employment and stable prices. The Federal Open Market Committee sets the stance of policy. Its members include the governors in Washington and […]
Fiscal policy
CLEP American Government, Chapter 17 Fiscal policy Fiscal policy uses federal taxing and spending decisions to influence economic activity and allocate public resources. Congress enacts revenue laws and supplies budget authority; the president recommends priorities, signs or vetoes legislation, and administers enacted programs through executive agencies. A presidential budget is an agenda and bargaining document, […]
