A television report states: "The Federal Reserve will lower the discount rate for the fourth time this year." This report indicates that the Federal Reserve is most likely trying to

Question

Quizplus · Accepted Answer

Lowering the discount rate is a monetary policy tool used by the Federal Reserve to stimulate the economy by making it cheaper for banks to borrow money, which can increase lending and investment. This can spur economic growth and job creation.

A Television Report States: "The Federal Reserve Will Lower the Discount