Dina Shanker
speaker
370 appearances
2 recordings
2 series
first heard Feb 2026
last heard 16 Feb
Dina Shanker’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Feb 2026 with 2.
Appearances
Marketplace All-in-One · What if Trump does roll back steel and aluminum tariffs? · 16 Feb 2026
podcast
Tim Dewey is chief U.S.
economist for SGH Macro Advisors, and he's going to help us explain the open market portion of that federal open market committee.
The FOMC decides rates, open market operations make them happen.
Traditionally by buying and selling government securities to change the money supply and influence interest rates.
And it's all happening in the open market, where banks and dealers can get in on the action.
My name is Julie Ramate.
I am the deputy manager of the system open market account.
In other words, she works at the desk in charge of open market operations at the Federal Reserve Bank of New York.
So let's say this is a day when the policy rate has been changed.
While the rest of us are still waiting to hear from Chair Jerome Powell at the FOMC press conference, that open market desk at the New York Fed is receiving marching orders.
At that meeting, the committee would at the same time issue an implementation note that would outline various changes that are relevant for the trading desk in New York to support monetary policy implementation.
That implementation note is like a set of open market operations instructions.
For example, in December, after the Fed cut rates by a quarter point, that implementation note included action items such as, and I quote, "...increase the system open market account holdings of securities through purchases of treasury bills and, if needed, other treasury securities with remaining maturities of three years or less to maintain an ample level of reserves."
Such a mouthful.
But it really just boils down to the FOMC saying to the open market desk, New York Fed, go buy some Treasury bills and help us lower rates.
And that task is not limited to Fed Day.
We are staffed throughout the trading day through the U.S.
session.
And then as needed, if we'd anticipate an event or responding to events in the markets, we might be fully staffed 24 hours.
Analysts at the New York Fed are doing more than just trading and managing assets, too.
Showing 61–80 of 370 · page 4 of 19
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