Which of the following entities is responsible for setting the discount rate which then influences interest rates in the United States?

Question

Quizplus · Accepted Answer

The Federal Reserve Board sets the discount rate, which is the rate at which banks can borrow from the Federal Reserve. This rate then influences other interest rates in the economy. Congress, the Office of Management and Budget, and the Executive Office of the President do not have direct control over the discount rate.

Which of the Following Entities Is Responsible for Setting the Discount