Understanding Open Market Operations 计算机科学

The Federal Reserve Bank of New York is responsible forday-to-day implementation of the nation’s monetary pol-icy. It is primarily through open market operations—pur-chases or sales of U.S. Government securities in theopen market in order to add or drain reserves from thebanking system—that the Federal Reserve influencesmoney and financial market conditions that, in turn,affect output, jobs and prices.This edition of Understanding Open MarketOperations seeks to explain the challenges in formula