The Federal Open Market Committee (FOMC) creates the monetary policy of the Federal Reserve Bank: Multiple Choice This statement is true. O This statement is false. It is the Chairman or ChairLady of the Federal Reserve - currently Jerome Powell - who executes the policy for the Federal Reserve. O This statement is false; it is the Monetary Fund of the U.S. Treasury that directs the Federal Reserve Bank's actions. O This statement is false, U.S. Congress directs the Federal Reserve Bank