Which of the following is an interest rate target specified in the FOMC directive?

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The Federal funds rate is the interest rate at which banks borrow and lend to each other overnight. It is one of the key interest rate targets specified in the FOMC (Federal Open Market Committee) directive, along with other important economic indicators such as inflation, GDP growth, and employment. The FOMC is responsible for setting monetary policy in the United States and determining the appropriate level of interest rates to achieve its dual mandate of price stability and maximum employment. The discount rate is the interest rate at which banks borrow from the Federal Reserve, the Treasury bond rate is the yield on US government bonds, and the prime rate is the rate at which banks lend to their most creditworthy customers. While these rates are important indicators of market conditions and economic activity, they are not specific interest rate targets specified in the FOMC directive.

Which of the Following Is an Interest Rate Target Specified