Monetary policy is the main macro-policy tool for the United States to regulate national economic and social development.
The Federal Reserve Board (FRS), the central bank of the United States, has long been responsible for formulating and implementing monetary policy. U.S. law states that the goals of monetary policy are to achieve full employment, maintain market value stability, and create a relatively stable financial environment. During the implementation of monetary policy, the Federal Reserve actively used relevant financial tools to minimize changes in interest rates and money and credit, and strive to achieve the two goals of “full employment and stable market value. With the maturity and development of the market economy, the Fed’s monetary policy plays an increasingly important role in macro-control.