For purposes of monetary policy,the Federal Reserve has targeted the interest rate known as the

Name: For purposes of monetary policy,the Federal Reserve has targeted the interest rate known as the
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Question

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The Federal Reserve has targeted the federal funds rate as their primary interest rate for implementing monetary policy. The federal funds rate is the interest rate at which banks lend to each other overnight. By setting a target for this rate, the Fed can influence interest rates throughout the economy.

For Purposes of Monetary Policy,the Federal Reserve Has Targeted the Interest