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The Open Markets Desk Controls the Feds Interest Rates by Increasing Money Supply
All the way up until ben bern e responded at a financial crisis with the first ce, they would instead buy and sell things called repos. The open markets operation desk basically puts more money into the system if it needs to actually increase the money supply to target a certain level of interest rates by not buying outright government securities. And as result, this was after two thousand and eight, so two thousand andEight, is where we got zero interest rates for the first time.