If Jerome Powell, the Chairman of the Federal Reserve, and the FOMC instructed the trading desk at the Federal Reserve Bank of New York to increase the federal funds rate, personnel operating the trading desk will respond and will $\_\_\_\_\_\_\_\_\_$ market participants, and market participants' bank account balances will be$\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Group of answer choices

buy Treasury securities from; reduced

sell Treasury securities to; increased

sell Treasury securities to; reduced

buy Treasury securities from; increased

None are correct