1 The central bank Monetary policy is conducted by a country's central bank. In the U.S., the central bank is called the Federal Reserve ("the Fed"). The Federal Reserve Building Washington,DC Return CHAPTER 7 Money and Inflation slide 9 CHAPTER 7 Money and Inflation slide 9 The central bank ▪ Monetary policy is conducted by a country’s central bank. ▪ In the U.S., the central bank is called the Federal Reserve (“the Fed”). The Federal Reserve Building Washington, DC Return 1