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Q: What is the Federal Reserves chief body for monetary policy?
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What is the name of the chief monetary policy-making body?

The chief monetary policy-making body (in the United States) is the Federal Reserve, oftentimes abbreviated as the Fed. The Fed includes the Board of Governors (including the Chairman; governors are appointed by the President), 12 regional Federal Reserve banks throughout the country, the Federal Open Market Committee (directs open market operations, the buying or selling of government bonds), and member banks.


Who is The chief spokesperson for US monetary policy?

The Chairman of the Fed and the Secretary of Treasury


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Why is a modern president considered the country's chief legislator and chief policy maker?

He is the country's chief policy maker because as chief executive - in whom the entire executive power is constitutionally vested - he is in charge of the executive branch, which means he can direct each federal department or agency to establish his policy priorities. There are several tools of agency policy making, like regulation or affirmative adjudication, for which the President can set guidelines, consistent with his own policy wishes. Of course, if a policy the President wants to be established, violates the law, Congress has to change the law.


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