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