Which of the following institutions within the Federal Reserve System determines how many government securities the Fed should buy or sell on a given day?

Question

Quizplus · Accepted Answer

The Federal Reserve Bank of New York's Trading Desk is responsible for implementing monetary policy by buying or selling government securities on a daily basis, based on decisions made by the Federal Open Market Committee (FOMC). The FOMC is made up of members of the Board of Governors and Reserve Bank presidents, but the actual execution of open market operations is conducted by the Trading Desk at the New York Fed.

Which of the Following Institutions Within the Federal Reserve System