Which type of policy is influenced by the actions of the Federal Reserve Board?

Monetary policy is influenced by the actions of the Federal Reserve Board, which is responsible for managing the nation's money supply and interest rates. This policy involves strategies that affect the overall economy, including the regulation of bank reserves, setting interest rates, and controlling inflation. When the Federal Reserve adjusts interest rates, for instance, it directly influences borrowing costs for consumers and businesses, thereby impacting spending and investment decisions across the economy.

In contrast, fiscal policy refers to government spending and tax policies, which are determined by legislative bodies rather than the Federal Reserve. Urban policy focuses on issues related to urban development and city planning, while property policy deals with laws and regulations governing property rights and real estate. These areas, while they have their own importance, do not have the same direct connection to the actions of the Federal Reserve that monetary policy does.