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4. What organization is responsible for setting up monetary policy in the US. How is this group chosen? Monetary policy is set by the Federal

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4. What organization is responsible for setting up monetary policy in the US. How is this group chosen? Monetary policy is set by the Federal Reserve. In particular, the Federal Open Market Committee of the Consists of the board of governors who are appointed by the president and confirmed by senate and a rotating group of regional bank president serve also on the committee

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