2006-06-10 23:11:07 · 4 answers · asked by jdcox966 2 in Business & Finance ➔ Small Business
The fed has more of an immediate impact on the economy through the open market committee operations (setting interest rates) than either the President or Congress. Both the President and Congress can propose policies and encourage legislation that will have an effect on the economy, but it generally lags several business cycles behind. When the fed raises or lowers an interest rate, or even provides language suggesting a possible move (or stand pat), the markets react immediately and often price anticipated moves (or lack thereof) into the market.
2006-06-22 07:23:22 · answer #1 · answered by Curious 3 · 0⤊ 0⤋
The Fed.
But the media was left out. They really make policy. :(
2006-06-10 23:17:05 · answer #2 · answered by Jack430 6 · 0⤊ 0⤋
fed
2006-06-20 12:56:33 · answer #3 · answered by ricketysplickity 2 · 0⤊ 0⤋
neither, it is big business
2006-06-16 21:45:56 · answer #4 · answered by dirtee diamondz 3 · 0⤊ 0⤋