Open market operations directly affect the money supply through buying short - term government bonds (to expand money supply) or selling them (to contract it).
Open market operations directly affect the money supply through buying short - term government bonds (to expand money supply) or selling them (to contract it).
Not exact matches
A second way to evaluate the pace of QE2 is to go
directly to the information on «permanent
open market operations» (POMO) conducted by the Federal Reserve Bank of New York.
As the charts shows, both rates have been cut significantly since the start of the recession, either through
open market operations (the federal funds rate) or
directly (the discount rate).