A directive on how to buy and sell government bonds to/from banks for monetary policy is issued by _______ and carried out by ________. Group of answer choices the FOMC; the Board of Governors the New York Fed; the FOMC the FOMC; the New York Fed the Board of Governors; the FOMC

A directive on how to buy and sell government bonds to/from banks for monetary policy is issued by _______ and carried out by ________.
Group of answer choices
the FOMC; the Board of Governors
the New York Fed; the FOMC
the FOMC; the New York Fed
the Board of Governors; the FOMC

Answer

• the FOMC; the New York Fed
  Explanation:
  The FOMC sets federal funds rate and implements them through the Federal Reserve Bank of New York. At the end of each meeting, FOMC offer a public statement that includes the contents of the directive. The statement gives the monetary policy conduct that is to be carried out for the next six months before the next meeting.
  Reference
  Macroeconomics
  By William Boyes, Michael Melvin page 285