| 21. | The FOMC oversees and sets policy on open market operations, the principal tool of national monetary policy.
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| 22. | Usually, a central bank will conduct open market operations by buying short-term government bonds or foreign currency.
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| 23. | Strong gradually recognized the importance of open market operation, or purchases and sales of government Austrian economists
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| 24. | It cut the rate to 3.0 percent, the lowest since the Bundesbank started open market operations in 1979.
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| 25. | The FOMC is charged under law with overseeing open market operations, the principal tool of national monetary policy.
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| 26. | -Open market operations-33, 903-43, 261-64, 210
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| 27. | But in effect, it can be steered by the French central bank through its daily open market operations.
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| 28. | Every business day, the Federal Reserve System engages in Open market operations to carry out that monetary policy.
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| 29. | On Friday it bought $ 81.25 billion of bonds in short-term transactions through its open market operations, a record.
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| 30. | Open market operations are one tool within monetary policy implemented by the Federal Reserve to steer short-term interest rates.
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