I think the FED decides what the absolute amount and maturity of bonds it wants to buy and then lets non-banking institutions buy it for them. It doesn't force these institutions, it places an order with these firms like firm's other clients.
I think the FED decides what the absolute amount and maturity of bonds it wants to buy and then lets non-banking institutions buy it for them. It doesn't force these institutions, it places an order with these firms like firm's other clients.