While the sets U.S. monetary policy, it is the that enacts open market operations on the behalf of that policy.

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The Federal Open Market Committee (FOMC) is responsible for setting U.S. monetary policy, while the New York Federal Reserve is responsible for enacting open market operations on behalf of that policy. The other choices are incorrect because Congress does not directly enact monetary policy, and the U.S. Treasury does not enact open market operations. The New York Stock Exchange is also not involved in this process.

While the Sets U