The Fed has a legal and democratic requirement to set monetary policy to be appropriate for the U.S. economy.
The Bundesbank, which until recently set monetary policy here, built a formidable postwar reputation for independence and probity.
As an independent central bank, the ECB has sole authority to set monetary policy.
The O.E.C.D. says that governments around the world are doing a poor job of setting monetary policy.
That person can play an important role in setting monetary policy.
Most have had a reach that extended well beyond setting monetary policy.
The central bank primarily sets monetary policy by changing a crucial interest rate.
The Bundesbank no longer sets monetary policy but remains a strong influence in the region.
In the same year, the Danish government placed a monetary cap on veterinarians' profits from antibiotic sales.
With a floating rate, a monetary authority sets a monetary policy, but has no exchange rate policy the exchange rate is on autopilot.
There is no monetary cap.
