Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Feb 11 4:00 PM EST

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To: ggersh who wrote (41073)	12/1/2012 11:30:43 PM
From: Copeland	Read Replies (1) of 223174

Maybe the FED hides stuff, they didn't want the audit. The majority of their work is done through their primary dealers and not necessarily via their trading desk. Primary dealers serve as trading counterparties of the New York Fed in its implementation of monetary policy. This role includes the obligations to: (i) participate consistently in open market operations to carry out U.S. monetary policy pursuant to the direction of the Federal Open Market Committee (FOMC); and (ii) provide the New York Fed's trading desk with market information and analysis helpful in the formulation and implementation of monetary policy. Primary dealers are also required to participate in all auctions of U.S. government debt and to make reasonable markets for the New York Fed when it transacts on behalf of its foreign official account-holders. newyorkfed.org

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