#56: Joseph Wang On How The Fed Forever Altered The Investing Landscape
Superinvestors and the Art of Worldly Wisdom
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The Function of the Open Markets Desk
The Fed, like any other financial organization or any other bank, I guess, has a trading desk. That's called the open markets desk. And its primary responsibilities are to implement monetary policy and brief the FOMC about developments in financial markets. So it's kind of like a very large intelligence gathering apparatus.
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