Which is not something the Fed can do directly to conduct monetary policy?

Question

Quizplus · Accepted Answer

The Federal Reserve does not have the direct ability to set the exchange rate. The exchange rate is determined by the foreign exchange market through the supply and demand for different currencies. The Fed can influence the exchange rate indirectly through monetary policy actions that affect interest rates and thus investment flows, but it does not directly set exchange rates.

Which Is Not Something the Fed Can Do Directly to Conduct